If you convert to a 2/2, then you are probably targeting roommates so might be less people an less wear.

If you are trying to target longer stays, pricelabs has dynamic min.

We should be able to pull out about $35K and our target for downpayment on our next home is $50K. 

But the guests are not going up particularly much. to me the 800- pound gorilla in the room is still too many people piling in thinking short-term rentals are the answer. except for a few markets, and I'm not even sure about them, I am expecting a mega collapse in short term rental markets, and it's just a matter of when.

You just target properties that you can BUY and REHAB at 75% and your out of pocket will be $0.  

That way if a tenant goes out you might be able to improve the credit quality with a regional or national tenant at higher rent rates and compress your cap rate value and grow NOI.The retail centers that will get pounded are those to the side, behind other buildings, poor sightlines, etc. where only mom and pop tenants wanted them because rent was lower in a nicer area.

Connect with other members esp in your target area, to learn from their success stories and experiences.

You can target FSBO, or properties for rent and reach out to landlords and see if they're interested in selling a rental they own. 

Maybe it won't be full-scale furniture in every room, but maybe in some targeted room, or anything you can to help it feel home-like (e.g., some generic eye-pleasing artwork in a few areas).

When I essentially told them to go pound sound they offered to finance the deal for me.