Don't think of CAP Rates as just NOI/value.

I have a furnishing and design team to help out if you’re not wanting to come down personally and I also co-host at a discounted rate for my clients.  

They use demand-based pricing like anyone else who cares about revenue. 

Nightly rates and estimated revenue based on all the other units in the area?

Unfortunately, given current and foreseeable prices and interest rates, I will not be in the position to buy anything else anywhere I’d want to go. 

. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

Fort Collins did it since the 1960s and only recently created a law against it because of rent rates.

There are other suburbs that you may be able to do it in but its not going to have the booking rate you're looking for.

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

These loans are short-term, asset-based, and designed for situations like yours.