Dealing with the City for permitting.

However, to someone who is currently priced out of the condo, SF, and MF market in most cities, this is a dream come true.Open to Feedback. 

I am the real estate professional and I worked with hard money lender This sounds like the exact same strategy a client of mind uses in Kansas City!

Purchase price: $785,000 Cash invested: $156,000 Short term vacation rental in Panama City Beach.

Akron ohio isn't the best city in america for short term rentals that's crazy. it's not in the top 50 and i'ts a very struggling ohio market. it's not even top 5 in ohio. 

I've had a couple OOS investors ask about ADU potential in our market... not sure what hurdles there might be with the city (permitting, zoning, or otherwise).

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

@Kelly Pintos Of course I am partial to Kansas City.

Now in Northern CA when the Santa Rosa fire burnt down 3k plus homes nothing was done there and when the Paradise city fire burnt down the entire town of I did not see anything like this..

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!