It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!

Once updated, the building will provide modernized living spaces and support a significant rent increase, enhancing cash flow and property value.

These factors typically indicate strong rental demand and potential for property value increases.

I recommend pricing your property within 10%-15% of similar listings in your area to stay competitive, ensuring you attract the right guests without undervaluing your space.

We are enjoying the park and the income continues to increase, as we improve the park.

Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand. 

It appraised for 115k more than I bought it for so already have six figures in equity - will increase outdoor parking and raise rents over time.

Increased Capital Availability.

Whatever increases the level of privacy on your rentals should increase it's value, possibly its rental rate. 

Biggest take away is permitting timelines continue to increase!