A mentor or JV partner who has successfully closed on larger multifamily deals is invaluable.

Both programs can aggregate data based on filters like zip codes, sell scores, etc. 

Duplexes or small multifamily properties, even with value-add strategies, rarely match the potential of single-family homes in the right neighborhoods.In summary:Don’t be discouraged by low cap rates—they reflect market expectations of future growth.Focus on single-family homes with high equity potential in desirable areas.Avoid chasing the "economy of scale" myth with small multifamily properties—they often come with higher turnover and lower buyer appeal.Think long-term: prioritize properties that grow in value, even if cash flow is tight at first.

With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.

I do like all the data that Stessa provides for investors.

That’s a small price to pay for an appreciating asset that could significantly increase in value over time.

I was able to get a HELOC on the first one for 90K because it was a condo in Florida and doubled in value (has since crashed). 

With AI or just plain data management, we should be able to catch quite a few issues.  2. 

@Chris Seveney - Where do you get your data on US treasury demand - per your "very weak demand" comment? 

Whether you’re looking at SFHs, duplexes, or other properties, it’s important to pair on-paper data with boots-on-the-ground knowledge to really get a sense of values.If you’re considering anything serious in Detroit, I’d recommend connecting with someone who knows the market inside and out.