For my first investment, I was thinking I could use my dad’s land that he owns with 3 septic tanks and 2 wells.

The City does not currently have regulations or allowances for land use known as “short-term rental.”

This list is just one of many data points that can help identify areas.This is a 500 ft view, you still have to drill down into neighborhoods, streets and specific houses that will work well as a STR or Vacation rental (not just an airbnb).I look for higher end vacation rental properties above and beyond what people call airbnb's.A room in someone's house can be an "airbnb" after all.I love the new Vrbo commercial with Nick Saban.

The roof needs to be fix sooner than later so might as well, do it now. 

I am declaring primary residence but will live elsewhere as my lender only requires "intent to move in by 60 days" with no proof of move.Three units - $4200 rent income1st unit (3 bd 1 bt, ~1000 sq ft) is currently vacant, previously rented for $1600.2nd unit (3 bd 1 bt, ~1000 sq ft) rented month to month at 1050. can get $1600 as well.3rd unit (2 bd 1 bt, ~800 sq ft) rented for 1000 until April 2025. can get closer to 1200-1300.

This is particularly important in areas with rent caps because you can suddenly find yourself well behind market values for rent.As for how much, that depends on your market and what rents are in the area. 10% is a lot and you may have tenants move as a result. 

Also just FYI there are some PM companies the tenants are now well known to tenants. 

Then I get STR data from AirDNA to ensure it's well above 1.5x LTR data.

@Lucas MoralesIf you have coin op laundry in the building as well make sure you have a machine that gives quarters as I have had people use the vending machine to get their quarters for laundry and you have to constantly restock it.Personally I would say it’s not worth it unless you are far from grocery / convenience store.

@Brandon Griggs Network as often as you’re able. 5 years in I’m just starting to build contacts and get known in my area.