If you do a 200 unit minimum A location it will be worth at least $1mm more than cost on day one with no occupants.  

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

A zoning board meeting and vote is required for a variance approval and is usually rejected due to local political opposition.Also, there might be problems with files from 1915 and it took me 3 visits before they were able to locate the files and see the original plans.

The basic plan would be to use their services to do the leg work (Advertising, Booking, and managing the event) and then our property would be the location and accommodations.

Hi Everyone,So, I live in a location (Rockville, MD) mostly consisting of high-priced properties and find it difficult to consider SFHs for buy-and-hold purposes. 

Mid term rentals are okay - depends on the property and location if it’s really worth it over LTR.   

I will be the odd one here again...Plenty of experts here gave you excellent advice on how to locate the owner.I am going to do something different.

However, before I am aware of all the project details, location, complexity and type of finishes, this is just an initial conversation placeholder.

Thanks Jonathan, I am already thinking about deciding on a different location.

@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?