Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

I created a co-hosting profile as I was looking for additional opportunities.

Looking at this as a strategic addition to my portfolio.

A clean, neutral-looking curb gives prospective homebuyers a chance to visualize their own additions/upgrades.

The unobstructed water views for both front STR units can be challenging to determine additional value compared to other 3-unit properties without views.

What do you mean you are paying $400 additional dollars more than what you are paying now?

I would suggest one or both of you go talk to a Civil Engineer and ask if they can see a way to accomplish what you are trying to do.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.