thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

@Angel Mora which market are you in?

Start by getting familiar with your local market.

I have the option to buy a 1,300-sqft 3-bed, 1.5-bath house in South End neighborhood of Stamford, CT, from a family member before it goes on the market.

It has been on the rental market for about 55 days and the average in the area is supposedly 36.

The rental market has slowed in recent months but expected in winter.

My method has always been to call every listing that hit 90 days on market in areas that I want to buy.

I have been in the STR market for the last 13 years.

Both Charlotte and Raleigh are very strong growth markets, for all of the reasons that you mentioned.

However, even though every house, market, and buyer may be different, these few design elements work literally anywhere.If you have double sinks, use double mirrors and a vanity light above each mirror!