They’re now focused on unique properties with appealing natural amenities, like waterfronts or downtown areas, in growing locations that will consistently attract guests.

I have already lined up a professional property manager (the STR is out-of-state) and a design team (we are upgrading every room in the house and adding a ton of amenities). 

Proximity to amenities, transportation hubs, schools, and job markets can significantly impact property value and future returns.Condition: A property's current state is a big deal.

What is their nightly rate, occupancy and amenities.

For Conway and Titusville/Melbourne, focus on:Occupancy rates: Check how full local rental units are—this will give you an idea of demand.Rent trends: Ensure rental rates are stable or increasing.Local economy: Are jobs, population, and amenities growing or declining?

Can someone guide me where to apply and obtain a license to build this basement unit to an official unit with its address, electric, and other amenities?

I advise clients not to solely rely on AirDNA data for performance analysis as there can be some variation based on amenities such as hot tubs, premium decor and design and general operational excellence. 

And in condos, you can't differentiate so much with the other units in terms of amenities you offer.3) Regulations: first zoning need to allow STR, then the second step (if condo), is the HOA.

Mitigation Strategy: Investors might focus on long-term tenants to maintain stability or find other ways to increase income, such as charging for amenities or reducing operating costs. 2.

Could you have not added amenities to make yourself more competitive and increase your occupancy and nightly Rate?