I have a lot to research it would seem.

I'm a very analytical person who won't start a new venture without first gaining a solid understanding, establishing the right framework and connections, and ensuring that I'm securing a great deal.

A terms sheet will tell a pro whether you know what you're talking about and give them a structure of the deal you propose, but it won't establish credibility with respect to your financial ability to pull off the deal.

I started looking in surrounding areas and found that the markets less established or still rebuilding had much higher cap rates.

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

In our experience that is what carries the day along with the area and the STR restrictions or lack thereof(a whole other conversation) that deems the valuations.Airbnb and VRBO have thought of this and are way ahead of it, we scaled quickly using these platforms for two high end STR that book out great, once we established that, we created a direct book website and are slowly pulling our repeats from that.

In more established markets like Austin or Omaha.. from what I’ve heard in Bloomberg, guests value transparency as much as good rates.

"Never" having missed a payment is good, but as you know this can change at any time and 20 or so payments is not a lot to make - especially when they must make them at any cost because they are in the middle of a huge raise.

That's a lot to ask of a complete stranger!

Odd's would be far mor ein your favor if you just bought lotto tickets.