Lots of posts here on BP on all the questions to ask as there are 100+ items to consider

Consider after the first year, converting 1 of the units to MTR.

However, I have some concerns and would appreciate advice from anyone familiar with the market or STRs in general.My Key Concerns:Lack of Comps: When looking at AirDNA, there aren’t a ton of comps in the area for properties like the one I’m considering.

First American and Chicago won't do them and Fidelity and ORNT last I heard would consider it with an affidavit that the purchase price was disclosed to the buyer, which basically defeats the purpose of a double close.

I do not use Rent Ready, but I know that it is a perk of my pro membership here and I am considering setting it up to help my tenant establish credit. 

The other area I'd consider is Cleveland after listening to one of the BP podcasts and doing some research on that area.

Or should I consider withdrawing smaller amounts, like $100k?

I would consider partnerships in the future.

My customer service rep is a flipper and I love that because he knows why I want to do what I want to do and can discuss the approaches with knowledge.So far, the experience has been positive.

Location analysis is crucial, considering demographics, retail market performance, and traffic counts.