.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

I'd ask your son to ask his agent to do a comp analysis for him. 

Once it's determined that a property is eligible for STR usages, an in-depth analysis and Pro Forma should be developed with help from online tools and estimators (such as AirDnA), real world rental experience, local PM companies, lenders and RE Broker.

After using a couple of deal analysis tools, I feel sick to my stomach that this may be a big mistake.  

I’ve done calculations for analysis and checked into rental potential on two locations.

Assets identified in this study include:Concrete paving and paversFencingEquipment padsConcrete sidewalksLandscapingThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

These people are all trying to be someone they are not, someone they can't be, or are too lazy to become that person.There's a reason every new investor says they are stuck in analysis paralysis.

Each room has its own exterior entrance from the breezeway.The current owners have operated it as a bed & breakfast the last 12 years, with breakfast served in the main house which is also their primary residence.By my analysis, revenue from the 5 rooms could cover the debt service and operations of the whole property.  

Towns can't uplift your crypto, but they can uplift your property.By trying to create subjective comparisons to make some personal model will only leave you in analysis paralysis forever because it's a waste of time.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.