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Focus on market research by exploring neighborhood rent trends and property values while considering your financing strategy (house hacking, BRRRR, or buy and hold).

You're helping me get onto something.

You really have to learn the neighborhoods or work with a sales agent who does.

This will give you an idea of the Class of neighborhood.

It's also worth speaking with a local real estate agent to identify the best neighborhoods for rental income potential.

Hope this helps, best of luck!

My latest vacation rental property is a charming 2-bedroom, 1-bathroom townhome located in Seattle's Queen Anne neighborhood.

Minimum of 3 night stays, limited number of STRs in a particular neighborhood etc.You need to get the license and pay the STR tax.

Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.