Hi Max, a good rule of thumb is to start with your target market/ideal guest.

Also, now ADUs are prohibited from being used as STRs, so it worked out well to target MTR. 

AI costs $.02 per property analyzed - so narrowing down in step 2 is there to keep the cost low and the list targeted.

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

Law enforcement is now targeting third parties involved in “cooking the books” that “force by fraud” qualify clients for Covid-19 relief.

Time allows for adjustments, scaling, and reinvestment in ways that short-term projects simply can’t achieve. 

-Your current STR seems seasonal, so even without a mortgage, you may not achieve year-round cash flow.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

McKinney and Princeton have been growing a lot and it is a good place to invest, but it is always related to what you are looking to achieve in a rental investment, appreciation or cash flow.At this time that area does not offer a big cash flow and due to the amount of development going on there, rental demand has declined a bit.In any case you have to make an analysis case by case.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)