What you can do is just compare your possible STR revenue with the MTR.

The city is experiencing major growth with developments like the $500M amphitheater north of downtown, steady appreciation rates (around 6% YoY), and housing prices that are still very reasonable compared to other markets.If you’re open to investing in Birmingham, feel free to shoot me a message.

Hi Gary,I'd recommend comparing the current cash-out refi offer with terms from local banks or credit unions.

Are interest rates and loan-to-value (LTV) ratios competitive compared to conventional financing?

Compare it to your current living expenses. 

You'll need to compare apples to apples. 40k seems like a low number to design, furnish and amenitize a competitive short term rental projected to do $100k. 

For example, brick homes can last hundreds of years if taken care of compared to some new stick built development homes.

Zillow and Redfin are great for this.Look at Rental Rates: Compare current rents for similar places.

People who are able to work their business or job remotely will choose a vacation style locale to live like Florida where we have great weather, no state taxes, and a very low tax rate compared to other states.

Just a couple of thoughts as you compare insurance.