Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

My firm currently has a buildable quarter acre infill lot available, but I'm mainly trying to gauge builders buying criteria, price and overall thoughts on building in that area.

You should be looking at a monthly/quarterly fee model.

You can also rent the units from vendors who will install and service them and will share in profits but at least you don't have to worry about it.Overall I'm a fan of cc payment - scrapping for quarters is annoying, this is 2024.

I just am trying to decide if I need a door and/or wall between the sleeping quarters and the living area to appraise as one bedroom. 

Quarterly Inspections needed?) 

We're thus able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis.

I would do a quarterly inspection since they are college students. 

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.These syndication can provide an 8%+ cash-on-cash return - providing you monthly cash flow - and a 15-20% IRR over the length of the project.

But I have long term thinking, not quarter to quarter.