There's no one MTR site so tools like Airdna don't have access to the data to pull vacancy rates. 2.

Some savvy flipper reconfigured the upstairs to add a bedroom but in the process, closed off most of the attic, leaving only a crawl space that did not even allow access to the entire attic!  

Maybe access the equity via a cash out refi (check the after refi cash flow). 

Properties in areas undergoing revitalization are especially attractive for investors looking to buy low and achieve high nightly rates.Regulation-Friendly Market: Compared to many other large metros, Indianapolis has relatively relaxed short-term rental regulations, making it easier for property owners to get into the market without facing excessive restrictions or permitting hurdles.

I would suggest you build up a bit more liquid assets just to diversify and also have assets you can quickly access if needed.

Investor Consequences: Restricted Cash Flow Growth: Investors may experience reduced income over time since rent increases are typically capped below market levels.

You need to be talking with a broker who has access to a bunch of lenders vs a lender who only has a couple of DSCR outlets. 

I do manufactured home developments so I look for land that doesn’t have housing restrictions.

It's one of those necessary steps that can be a hurdle, especially if your funds are tied up or you don’t have immediate access to liquidity.Here are a few strategies I’ve seen work for those in this situation:1.

The tenant would have to have “access” to the upstairs area.