They made airlines stop doing it, follow up with short term housing. 

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. 

Shortly after the purchase, I shared my journey on BiggerPockets (www.biggerpockets.com/forums/88/topics/921192-my-first-ever-44-unit-mf-apartment-closed-in-dec-2020#p5370534), and the community’s support was incredible.

We are always open to JV short and long term let's chat.Luis Maqueira

They resided in the home 2018 to present, and are moving shortly.

And also, what about buying in an area that allows for non-owner occupied STRs, so you can Airbnb or short-term rent the place when you move out?

I tried to look at their short-term overlay map but can't get access.

@Irene Morgovsky what you are experiencing is that rents do NOT increase linearly with property values.Or look at it another way, the pool of renters that can afford higher & higher rents, shrinks faster than a corresponding pool of buyers.You could look into making it a short-term rental to try to improve rental income, but:1) Is it allowed in that area2) STR rates are coming downYou may have to accept "negative income" or sell.

We done deals in FL, the 1% rule is definitely achievable assuming you're planning to do short/mid/long term rentals.

If you have the long term rental data and the short term rental data. you will have a very good guest of the MTR pricing.