I pulled data from VRBO for similar 2br/2ba  units in the complex and by my calculations the nightly rate on average would come to $208.

We try to keep good tenants for long term, an dhave several 30 year tenants and a 24 year tenant and average 12.5 years over the portfolio of existing properties.

Enter the STR:Short term rentals are defined by the IRS as properties with an average stay is less than 7 days.

I was able to rent it furnished long term for $1,500 more than the average long term rent in the area.

The city has good macro economic factors and a strong economy - I looked for cities that were at least better than the national average when it came to population growth, wage growth, median sales price growth, etc 2.

Yes, when bad things happen its a great time to be look at how you planned and prepped to be able to handle those things and feel GOOD that you were able to manage things such that they are turning out BETTER than you planned for on average.

However, my income is inconsistent, with last month’s earnings around $4,000, this month expected to be about $3,000, and an average of roughly $2,000 per month.

Quote from @Taylor Davila: What is the average cost of converting a single family home into a duplex? 

I am using rough numbers on the depth but around an average of 3 feet.

On eviction - our rate is 3% which beats the national class C average by 50%.