Look for brands like LifeProof, COREtec, or Shaw, with a 12–20 mil wear layer to handle heavy traffic. $2-4 per sf.Rigid Core Vinyl: This material is available in SPC (stone polymer composite) and WPC (wood polymer composite) types.

@Margaret Buoncora I have never done it but renting individual rooms could be an option if competition is increasing in your market. 

.- Valuation, the valuation is all over the place man, an apple that's worthed $1K in 2021 now is only valued $200, there's something really wrong in the valuation of these industry, specially when they're leveraged.I've seen the last part when banks is doing LBO as well, they are like valuing company 10x from their own cash flow and use investor money to create "non sense" value, or just for the sake of heavy commision.

I would just recommend choosing a property that doesn't need heavy rehab.

It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well. 

This is all conjecture as I am not an estimator or contractor, but I know Monteray Consan 20 works well.That was my fear with this quote, it's heavy charges to tear down and almost nothing about doing the drywall after they tear it down. 

Are you finding MTR to be increasingly competitive? 

The traffic is always heavy in these areas which makes turnover a bit easier than more rural locations.

It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.

Avoid competition and bidding wars.