ADR is function of average rate and occupancy rate.I have seen markets where the competition is fairly stiff and other markets were most of the competition is not good.  

As to license laws, it is the totality of the act of facilitating a real estate sale, what a series of acts accomplishes, each step may be legal but using various functions that individually may be legal still turns out an illegal act of facilitating a sale rather then performing as agreed in a purchase contract.

That’s a shocking difference, and the dollars in the visual below don’t lie (see graph below):And it’s one of the big reasons why Forbes says:“While renting might seem like [the] less stressful option . . . owning a home is still a cornerstone of the American dream and a proven strategy for building long-term wealth.”The Biggest Downside of RentingSo, short-term, why does renting feel like a simpler choice?

It's choosing the durable materials that not only photograph like a dream but feel high-end to the touch and function flawlessly—all while respecting the reality of your budget.I know I'm not the only one who has finished a project and kicked myself, wishing I'd tweaked the layout, rethought a finish, or chosen NOT to install some crazy specialty item in the first place.

It' a function of price now, and if you can find a deal that is priced accordingly, then you buy it, especially if you like the fundamentals long term

One often-overlooked design mistake I see (and have experienced as a visitor) is designing for photos instead of function.

It can also do all the basic functions any calculator would do, so adding another tool under your belt never hurts.  

Renovating with resale value in mind (after-repair value, or ARV) while also making it functional for co-living tenants is a balancing act, but a focus on livable common areas, plenty of bathrooms, and smart layouts will help.When it comes to your co-living strategy, you’re debating between a Padsplit-style approach—fully furnished, possibly higher turnover—and a more community-based model with unfurnished rooms and longer-term tenants.

By choosing items that blend style, durability, and functionality, you’ll set yourself up for success.

Obviously, it is a function of the direction in which residential land is trending.