look at other STR data in the area and do similar style to do your best to recreate similar results 

So, you're doing the right thing checking things out before submitting your construction plans.Hope this helps

Not only that he gets stepped up basis and sell with no tax  double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do. 

Propstream is great, you can get a lot of data off of there as well as driving for dollars which I believe is also around $99/month. 

I'm mostly looking for a sanity check that this is required.Thanks in advance for the responses...

You just need to know how to background check your guests and how you want to accept payments.

I’d look into historic appreciation data for the area before making a decision.

One of the easiest ways is checking off market Facebook groups in your target market where a lot of deals are posted daily.

You may want to check the management contract with your new PMC, to see if they offer collections services.All you can do at this time is pursue your own collection efforts.

Check out my story here: https://www.padsplit.com/stories/members/jeanQuote from @Alex Martinez: Investment Info:Single-family residence buy & hold investment in Atlanta.