@Kareem Hammad With that amount of a down payment, I'd concur with @Julia Lyrberg suggestion about house hacking and expand from there. 

I've seen posts on here from a few years ago about rental portfolio dashboards, but all seem to be inconclusive or suggest a software subscription to have such a reporting tool. 

I've seen many people suggest a cash out refi but I like the flexibility of the heloc.

Withoutknowing the details I can not suggest which would be right to add on.Several you should pay attention to are:- Ordinance & Law: Provides additional building coverage to deal with rebuilding costIncreases due to changes in Zoning or Building laws- Personal Injury Liability: Libel, defamation of character, wrongful imprisonment, etc.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Since my current strategy is BRRRR, I'm looking for a location where I can implement it successfully within my budget.I’d prefer to target the best neighborhoods or subdivisions I can afford, ideally with favorable eviction laws and other key factors.That said, I started wondering if there might be a better strategy to achieve my goals.

Looking into the taxes is a great suggestion.

However, for a possible new owner who wants to launch a STR in the springtime of 2025, we wonder what the future may hold in terms of permitting for a new STR, grandfathering of an purchased home that was already a STR, etc.

If so, do the suggested prices seem to be paying off?  

I have started my research on management companies in the area and will take your suggestions and learn more on this topic!