Have you ever seen rents actually go lower (I'd assume this would only happen if occupancy dropped significantly, but that seems like something that could happen in a recession).Also a BAM specific question/concern - from what I understand they are based in Indiana, and I see in their current open offering one of the properties is in Indiana (great) but I'm wondering why the other property is in Arkansas? 

Rental property owners expecting high occupancy may need to adjust their timelines and rental projections.On the flip side, this delay also presents a unique opportunity for strategic investors.

The MTR positioned for the most success and occupancy is one that does not eliminate the 3 key MTR non-negotiables among travelers - PPL: Pets, Parking, and Laundry.

In my opinion, your occupancy rate and min night stay seem in the ballpark for planning purposes at this stage.

The area tends to be more owner occupant friendly rather than renting.

If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).

All municipalities I know of consider an occupancy  of 31 days or more to fall under their tenancy regulations.  

In terms of feedback from our team, we’re leaning towards buttoning down the hatches, keeping rent increases low, and focusing on maximizing occupancy in our New England markets.

I'd suggest checking local Airbnb/VRBO data or using AirDNA to see occupancy rates and average nightly rates in the area.

This decision not only maximized immediate profits but also enhanced positioning for future investment opportunities, demonstrating adaptability and a forward-thinking investment approach.