For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

Vacancy is often around 5%, particularly in high-demand markets, though this can vary by location.

STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair. 

You have a lot of equity and the assets you have seem to me in great locations.

The early consensus is that it's an upgrade, but we have yet to really put it through its paces.Stayfi has been great for locations where we have several rental cabins and want to maintain that resort-like feel.

The increase in vacancies can be attributed to the addition of new properties to the market and higher than usual vacancy rates in older properties.https://www.socalrha.org/news/2024-vacancy-and-rental-rate-s...Note LL, location, and property all have an impact on actual vacancy.  

It's great you already have the location, price range, and funding source! 

Purchase price: $502,000 Cash invested: $100,400 Purchased this single family home located about 1.5 miles from Downtown Houston.

They understand we have done 8 locations and have checklists that have improved since the first.  

@Randall Ayers  It doesn't matter where the lender is located, as long as they can offer that type of loan in Colorado.