What you can do is just compare your possible STR revenue with the MTR.

Hi Xiang - Having a reliable lender by your side from start to finish is essential for a smooth process, minimizing surprises—whether it’s ARV or something else down the road.

The city is experiencing major growth with developments like the $500M amphitheater north of downtown, steady appreciation rates (around 6% YoY), and housing prices that are still very reasonable compared to other markets.If you’re open to investing in Birmingham, feel free to shoot me a message.

Hi Gary,I'd recommend comparing the current cash-out refi offer with terms from local banks or credit unions.

Are interest rates and loan-to-value (LTV) ratios competitive compared to conventional financing?

Talk to a reliable lender to find out if you are lendable now and for how much and if not, what you need to do to increase your chances and timeline.3.

Compare it to your current living expenses. 

You'll need to compare apples to apples. 40k seems like a low number to design, furnish and amenitize a competitive short term rental projected to do $100k. 

For example, brick homes can last hundreds of years if taken care of compared to some new stick built development homes.

Tried, tested and reliable.