Do you think that taking bigger risks may have alternatively landed you in a dark and cold place?

An other alternative is VaultLocks keybox that allows for a temp.

While podcasts, books, seminars, and websites offer general knowledge, you'll buy a specific property in a specific location, subject to local rules and regulations.

With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.

Where are we seeing the greater sense of defaults (specific state, county).

Now, if you have an alternative interpretation of the Regs, please share. 

I can't advise you on what to do specifically.

Specifically here, I've considered a few of the things that you both brought up, but the word "average" has a very specific meaning...

I love the concept especially given the need in your market for storing things like snow machines, boats, rvs etc, but also for repair or general "fab shops".As long as you are seeing the demand in your specific market for these spaces, and perhaps its worth getting some leases signed up prior to breaking ground but thats a personal preference thing, I think the numbers look promising if the use case is there.

If you are the lone supplier of a specific housing product and there's pent up demand you will absorb your units quicker and have tenant stay longer given the lack of alternatives.