To me, I want a market where the value add generates maximum return. 

.: Anyone operating an STR in Logan Ohio willing to chat about their experiences? 

If you have plenty of reserves, why don't you calculate how much you have to put down to generate the cashflow you want?

And there are some great multifamily operators out there and then there are others.

If you have an LLC operating in another state but you reside in CA they make you REGISTER that LLC as a foreign LLC doing business in California. 

DSCR (Debt Service Coverage Ratio) loans generally focus on the property's ability to generate enough rental income to cover the debt payment.

For your example, making the basement fully operational as a livable space seems like a great value add.

Each should be able to operate on its own.

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

If I believe I can generate enough profit this year and navigate any potential inspections next year, I’d be comfortable moving forward—using the income earned to cover any necessary upgrades.An alternative exit strategy is to document the financial performance and sell the property as-is, highlighting its strong short-term rental income.Think through your next five moves, from best to worst-case scenarios, and make a decision that aligns with your goals.