The sunroom is a bit of waste for the sqft but could turn into a reading nook or something if needed.

From what I've been reading, cap rate is not a reliable metric for STRs.

lmao good read!

Thanks for the tip Anthony!

Best tip is to add digital locks to each bedroom door and make sure there is enough kitchen space for all parties.

Would love to connect as I also have a construction team to quote your punch list items needing to be done at the other property, as well as have some advice on management tips, tricks, etc. 

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

If you STR part of your house while living in it, please share what you have learned from the experience.There's a valuable thread called "House hacking at 22 - What I regret..." by Jake Andronico that’s worth reading.

This is a great space to connect with others working on similar projects and to pick up useful tips for each stage of construction.

Any tips or advice is greatly appreciated!!