Then, run a rental stress test on the new STR assuming a worst-case scenario—like converting it to a long-term rental with a 30% cut in future rents.

Xero will work since I have clients that uses them and well I helped them convert to it.

Converting that money to cash flow is a problem for later.   

And once you convert it into your primary residence it is no longer eligible for a 1031 exchange. 

I would say that @Jay Hinrichs' personality is more eccentric in investing in things that are uncommon that most people can stare at all day and still not realize how much money can be created with a specific skill set of converting one thing into something else (set such as timber, land, and high end development).  

For example, if market rent was $2,000, I might offer $1,900 and $1,950 for a 2-year lease to start.My leases convert to month-to-month at the end of the term.

Rick, I am preparing to convert a detached garage in Anaheim into 2 bedroom ADU.  

Converting the basement to a living space to make a duplex.

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

From our experience, every requester puts in the lowest possible rent ("<1200"), so they immediately take themself out of our match criteria, and we don't get a push notification.Since many of these potential leads actually have converted to renting with us, we check FF at least twice a day on the app and reach out to people looking for housing even if there is a gap in the match criteria.