Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

Frequent hail storms pushing insurance rates up in that market. 

Default rate - as you scale you will have a 10% default rate on loans.

Naturally, they are your competition and the daily rates need to be taken into account.

While rates can be higher, they are efficient for temporary needs.2.

We would have to come oop about 400-450 for 2nd HH.Also planing to use other rest of heloc for a dscr or brrr so that would possibly help as well.Would you wait until rates drop to do another HH and just buy the brrr/dscr now?

Home Appreciation: You’ve estimated a 2% annual appreciation rate, which I feel is quite conservative.

You don't always have to incentivize a tenant with a discount to get the tenant to stay, nor keep rents stagnant, but it is good to be aware of the business impact with respect to cost too.

I’ve been manually scouring Zillow/MLS for deals, but it’s time-consuming, and I’d love to streamline this.2.Has anyone experimented with using machine learning models (like classifiers or regression models) to rate properties based on their condition from MLS listing photos?

When looking at discounting properties to find a deal, I tend to lean into what the seller is looking for when I know I'm holding.