Without rent control i either raise their rent far above market rents so they give me notice (my preferred method) or i simply do not renew their lease.

Usually when a landlord cannot find qualified tenants but are getting a fair amount of inquiries there's an underlying real estate problem and the qualified tenants simply do not want to live in that location.

@Bob Dole please tell me you have a CPA and you're simply educating yourself so that you can verify what he is saying is correct? 

It simply depends on your time frame, when you want to actually begin renting the property out short term, and what the loan terms are.

Time allows for adjustments, scaling, and reinvestment in ways that short-term projects simply can’t achieve. 

Scenario 1 they don’t or refuse to move- eviction costs and/or lost rent Scenario 2 they move out and Cap ex and turnover costs, lost rent, advertising for new tenants in a somewhat of a qualified tenant shortage, headaches can be avoided by simply having a conversation with the tenant to see where their head is at, and that they understand what your expectations are.

Only in one of those instances, did my dog simply bark at the GSD, who then charged about 30 feet to bite my dog.So, yes, there is something to breed specific behavior.  

Bundle all options that a renter would consider and you simply have what I stated above 

My favorite way is is simply using Pricelabs using a comp set, OR using Airbnb itself to see what your direct competition is.

Arbitrage is simply transactions.