or there’s a six acre lot nearby my home for 150ish.

For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3) ADR $750+4) hosts have 2+ properties5) listings are branded with 20k+ Instagram followersetcThen, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

Virtually the same money, faster acquisition, fewer problems regarding title insurance, etc.

Hello, I'm not familiar with Rome but wanted to suggested looking into meetup to see if there are any RE groups there or nearby that would have people that can point you in the right direction. 

On another 10-unit mixed-use property in a nearby coastal town, we carry hurricane and earthquake insurance, in addition to O&L (ordinance & law) supplemental coverage.

Do new units nearby increase your property value and/or rent?

Do a compare on Zillow for nearby rentals.

You have gotten some great advice already in here but I will touch on the guest experience portion and local partnerships.My tips for guest experience:Have a digital guidebook explaining everything inside and near by places to visit.Record a YouTube video of yourself touring the property and showing the details of working things.

Plus, since the house is fully renovated, you’re likely to face fewer maintenance costs in the near term, helping maintain that cash flow.2.

Some investors thrive in this type of market knowing they will have strong equity growth as regulation tends to lead to fewer players, fewer available rentals and therefore higher prices (rents and property value).