When trying to analyse STR I try to use as many data sources as possible, AirDNA, Rabbu, Pricelabs and good old networking, ask around see what other investors are getting for their units. 

I don't do large rent increases on my tenant because I don't want a unit turn. 

$132,500/unit for 2/1s in Hampton is too much IMO.   

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.

Let’s look at the math.Pre-Covid, the National Apartment Association (NAA) released data showing that the average renewal costs between $5,000-$10,000 per unit.

.- **House Hacking:** This can be a great way to start, especially if you're looking to live in one of the units.

in my mind if your just talking 1 to 4 units  those should be able to be vetted in your head or on the back of a napkin in about 30 seconds..

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

Secondly, how do you finance these units? 

This could be very difficult if you are going to self-manage, as you will be turning units every year and dealing with a lot of repairs.