Who is your target market for the 4Br/3Ba property as a STR?

Hey BP, I’m on the verge of starting a month to month, furnished rental (traveling nurses being the target audience), and hoping to connect with investors that have utilized a similar strategy. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

You can target stable areas that can rent for $2.8k-$3.2k.

First, when calling banks target the smallest most community based banks you can first.

Approximately 30% of this area is made up of vacant lots, creating a prime opportunity for real estate development.Griffin Modern is taking full advantage of this landscape, acquiring lots for under $10k and developing homes targeted at young, first-time buyers as well as investors.

The capital needed depends on the market and type of home you're targeting.

What acquisition prices and rehab costs are you targeting?

Don't ask me about Dutch Brothers or Burger King or Target, as soon as that is in play, my "in general" commentary is right out the window.

After investing $35,000 in targeted renovations, we elevated its appeal and market value.