It's important to narrow down on the locations and conditions of properties you're looking to buy so you can align your numbers with those expectations.

The range is broad due to the differences in median home prices across these locations i.e.

My attorney said he needed to hire us as investigators in locating people.

What type of area is the hotel located in? 

I would also add that you join your local REIA chapter (Real Estate Investor Association) as it will allow you to network with other STR owners and get more location-specific information. 

Instead, look at your major location-specific operating costs as an investor.

It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation. 

I doubt we will buy off the MLS but I am trying to find a good way to visualize MLS data so that I can plan our next purchase and get a "steal" that I will have instant equity or rehab for equity with the goal of getting a decent HELOC going.Because real estate values are so location based, it is hard for me to process the data on a spreadsheet, because I'm constantly trying to project it onto a map in mind.To know if what I'm looking at is a deal, I would like to be able to see $/sq.ft. data visualized on a map with either current listings or preferably sold properties. 

In fact, these properties might be located anywhere-perhaps even in neighborhoods slated for look growth.

Location of property How did you find this deal and how did you negotiate it?