.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

I’ve been investing in Detroit for years and built my 12-door portfolio there, generating $16K/month in gross rents.

You would basically offer the same set up utilities but you would have a residual income monthly by renting the plot to the owners of the space. 

To answer your question, you can use AirDNA or another short-term-rental income analyzing website or software.

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.

Passive income is certainly the name of the game - building a real estate portfolio and creating generational wealth are key ingredients to long term holistic financial health and success.There are fantastic real estate investment opportunities in various markets, particularly in the Midwest and Southeast of the country. 

For quick math I have a range of each between: 700/yr to 3% of gross income

If you have plenty of reserves, why don't you calculate how much you have to put down to generate the cashflow you want?

Over two years, I built up 12 doors, which now generate about $100k in net income annually.

I agree with finding quality comparable properties and basing your income off these.If there aren't any, why is that?