It's inspiring to see how overlooked opportunities can yield such positive results.

I am trying to calculate my returns over a 10-year period using the rent-by-room strategy, which results in significantly more cash flow than traditional rentals.

Was able to gain some leverage prior to negotiating which resulting in a great outcome What was the outcome?

Perhaps it could be a result of the post-COVID market adjustments.More STRs on the MarketInitially, I didn’t feel the competition because my Airbnb is a studio, but since I’ve started working with other Airbnb hosts, I’ve noticed there’s definitely more competition than I thought.

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.PM us if you’d like to discuss this logical approach in greater detail!

If I convert those monthly nets into annual nets and plug those in to see what amounts of cash in would lead to those results in each case, I come up with:Scenario 1: $2000/month ($24000 annual) to equal a 12% return means you're in $200,000 cash. 

Our manager has tried outsourcing filling the unit to a realtor agent with agent incentives but that has not produced any results in the last month.

I am currently working on finalizing my goals and market analysis.

I don't know that @Dave Foster earlier mention worked...I'll let him chime in as the expert, but you can 1031 for less it just results in 'boot' which is taxable.

Finally in the mix we had Covid, which pushed a lot of people out of big cities up to our beautiful area with lakes, rivers, mountains, etc. and housing inventory is crushed!