I have warned countless people that the "new", "Cheapest", and "shaking up the insurance market" carriers typically come into the market under priced, have a wave of claims, then they either jack up premiums to survive or fire their staff to keep heads above water.

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

If you are trying to do this in Newark, you need to know the market of that particular set of blocks so you don't overdevelop for the farm area.

I want to be able to find potential markets/listings nationally based on the return.

You have many people who say midwest markets are now appreciation markets, but I disagree with that statement.

I am looking to do AirBNB Arbitrage in Lancaster area as it is the closeby market to me.

They will try to partner up with some CPA from BP and market to BP members.

Keep in mind it is a risk and speculation, if something happens(market tanks, job loss, etc) then you will be out money.

The area is way to pricey for my budget so I do all my investing in midwest markets (Memphis and Detroit mostly).

STR markets are tough and change fast, best of luck!