Yea this is a long-term personal play more than a strict STR deal. 

Price fair, don't get greedy, play the long game.

Most times when evaluating a DSCR mortgage, market rent will come into play.

BTW, I am not disputing you, just playing devil's advocate and wanting someone to challenge my thinking. 

Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost. 

Lost in all of this has been the significant role technology now plays in listing and selling real estate.

This in turn will kill your exit strategy if you are not doing your due diligence and playing conservative.

New construction in a saturated market isn’t always the best play if you’re looking for steady returns.A place like Rochester has way better fundamentals—lower buy-in, strong rent-to-price ratios, and stable demand from universities, hospitals, and major employers.

Contractors play such a huge role in real estate projects.

Playing around with my Excel spreadsheet and got to thinking about selling my rental property in the next few months vs waiting until it's paid off in Jun 2027.