@Kaustubh Vongole, nice job on narrowing down your potential markets!

Restrict to secondary family rooms etc.At least you can keep things narrowed down to assure less wear and tear on the whole place.

For most the only answer is A or B and those answers would have been told to them before on social media. 

Try to narrow down your options to the top 3-4.

How are you narrowing down the areas you would want to do this in?

In an additional six cities – Fresno, California; Jacksonville, Florida; Kansas City, Missouri; Los Angeles; New Orleans; and Santa Barbara, California – restrictions on legal operation are such that STR is practically impossible, though theoretically legal under very narrow circumstances."

The driveway is 'Y' shaped, very narrow from the street to the back, then both houses have their own parking area in the back.The issue he is having is the other homeowner is 'accidentally' leaving nails, screws, and other puncture problem items on the driveway with alarming regularity.

What would be your exit strategy A,B, and C?

Whether you are investing for Cash flow, appreciation, looking for value add, or just tax benefits.I first build out my buy box, which the more narrow it is, the better (multi family, 3 units, in XYZ zip code, at this price point per sqft, build after XYZ year......). 

I usually search through listings to get an idea on cap rates to narrow down states or cities.