If you find something out there higher than 70%, it's not a conventional mortgage so likely doesn't have the nice rates & terms that are usually associated with conventional loans.Conventional appraisals on 1-4 unit properties will use the Sales Comparison approach, so even though you've nearly doubled your income, you're still going to be bound my recent comparable sales.

How does one find the expense ratio of nearby properties for comparison?

There are a few vacant lots nearby that have not yet been developed, though one party paid a significant amount for a lot about 2.5x the size of this one, so that at least provides some basis for comparison.

It's something like this: This is 7th frame of a comparison I did with two kinds of turnkey.

But that is a long shot.So the deferred tax becomes another point of comparison with the loan savings to see which path is better for you.

The lodging tax + the ancillary expenses on top of debt service in comparison to a long term rental was too close for me to justify the time keeping it as an STR.

To get true comparisons you'll have to pro forma against leverage to see where you're ROI could be in a leveraged situation.

@Priyanka K.When investigating new markets I look for things like population growth (upward over the last 10 years)Job growth 1% or greaterUnemployment =< national averageper cap income 20KHousehold income 3 times annual rentnumber of households (in comparison to other markets) Favorable government policies (is the local government looking to attract business) those numbers will give me a sense of the macro market.

It's not an apples-to-apples comparison.

A few years ago I came upon a blog post or article somewhere that showed how much money it would take to buy rentals to meet the income of a traditional 4% rule retirement account. I wanted to show this to my wife whi...