In Winnipeg it's at least 50% more.

Feel free to DM me if interested in discussing more, would be happy to assist.

Hey @Isaiah Cortez, here are the deets on STRs via the city - https://www.fortlauderdale.gov/government/departments-a-h/de...I don't have any real insights on the area, but do a search and you will find some details.

I try to find their true reason for selling early on.

-- solid strategy as well, if you go this route I would consider investing with an operator that specializes in this asset class.

A LOT of what I have learned and the connections I've made along the way have come either directly or in-directly from this community. 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Are there any guidelines or best practices (ie: rewiring such a property would be more valuable than updating insulation).Is it something you need to ask the insurance company about to get, or is all this determined in the initial interview with the potential insurer?

https://www.biggerpockets.com/blog/biggerpockets-podcast-262...The info in this podcast addresses financing