Yes, we sold with our rock star agent Chuck Grover.

Both of my guests that caused significant damage were from VRBO, and my only non 5-star review (2 star) was from VRBO. 

some cash, and of course a rock star tenant.

All the stars have aligned to create an incredibly bright future for the short term rental industry: a revolution in working anywhere you want, a world filled with people ready to travel again, and a new wave of young consumers with disposable incomes that value experiences over material. 

Maybe we can recruit some solid door-to-door solar or pest control sales stars to knock pre-foreclosures or probates.

I called this homeowner last week to see if she had any interest in selling her home, she shot for the stars and said a number that was far over the value (Asked: $485K, Value: $423K).

The factors here are several layers deep...1- The threshold decision is rooted in local ordinance and zoning...if you're in an area with tight local ordinances you're fighting with the people that live in the neighborhood before you ever reach the city zoning folks...this can go one of many ways2- ROI on the conversion...you're first stop should be with a local architect...they are worth their weight in gold when navigating a project like this and will wade through the regulatory waters much better than you...and a simple phone call may be telling to whether the conversion would be permissible.The extension of this is the cost of the renovation in relationship to the rents received...the stars would really have to align to say you should spend a significant amount of cash to convert a performing building with 4 revenue streams to serve another function (but there is more to this)...and the cost of construction (and lumber in particular) is 5 fold what it was 1.5 years ago...3- As you indicated...exit...I think the only rational reason to convert a 4-unit would be to get condo status or single family/ shared wall and sell one or both of the units to an end buyer (you are basically paying the role of a speculative developer here)...this is happening frequently in locations like Olde Towne East and Merion Village...hard to demonstrate how successful this has been, but it seems far fetched reasonable consumers would pay the same for a  free-standing SFR they would for half of a "duplex" or condo, but who knows for sure.Either way you look at it you're in a residential appraisal situation on the comparable sales approach....4 unit buildings are still "single family" homes. 

Dupont middle school/ North Star elementary zone there. 

Dupont middle school/ North Star elementary zone there.

Dupont middle school/ North Star elementary zone there.