Hi Jeffrey,It sounds like you're in a great position with your rental portfolio and cash savings, and I admire your commitment to keeping your investments!

The perceived value may be more, because you know an STR was run there and making money, but a lender wont value it more.While I agree a lender probably won’t value it more, an investor interested in running it as a STR will pay more.  

But there will be some markets or sectors that are buyers markets. 

You don't need to save up $100K or quit your job today in order to become a successful investor. I started 23 years ago and bought my first property with 3.5% down using an FHA loan. I had to borrow the down payment f...

I just don't want to commit and sign up for his classes before I try it and see it as a good fit for me.   

Over my time (over 30 years), if your lender will make a call to the seller/seller's rep to explain the level of due diligence we've done on the buyer usually goes a long way.

Will it appraise according to your numbers?

I was willing to pay more than my competition.

YOU-WILL-LOOSE. 

This next investment for us will be our first venture into STRs (or even a MTR).