I disregard those and focus on comps that have a realistic looking calendar where there's a blend of available and booked dates.

I also encourage you to think about amenities that are intentional and thoughtful, like a desk or work station, a small fitness area with a yoga mat, a "library" or bookshelf with reading options, or blending outdoor/indoor living spaces where possible (of course, if your unit allows it).

I am ever vigilant that while presently I haven’t seen personal liability claims originating from child poisoning case but I anticipate once there is an enforced City of Toledo Ordinance, affected children are the low-hanging-fruit for litigation.   

Looking to network with local Upstate investors to gain better knowledge of local groups, strategies concerning others experience with the upstate's continued population growth/trends, local deals (haven't seen too much in terms of multi-units, but again just beginning my introduction to this vertical) - just scratching the surface).Here's to creating new fruitful networks and successfully progressing into a challenging, yet fun and rewarding adventure.Keith

We are super excited that our months of listening to podcast and research is finally bearing fruit, but since this is our first time we are trying our best to do it right and heed the advice of the many before us.

@William Scott - Fellow Monmouth County investor here, I have a blend of short term and long term rentals in Asbury Park and Ocean Grove.

Thanks Brian, I can probably blend that in with the previous advise.

But given the heightened competition I'm branching out into auction to find deals this year... and it appears to be bearing some fruit as long as this home is not a complete train wreck when I finally get to see it.

So in that sense you get some stable income but the upside of the smaller retail units attached at higher rents for a blended cap rate for the center.   

You have to look at blended cap rate over time as the primary lease term winds down.