Navigating STR regulations can be challenging, and I'm considering potential locations in Vermont, Rhode Island, and upstate New York, specifically around Syracuse or the Jay area.

Purchase price: $500,000 Cash invested: $100,000 Purchase aimed at creating a steady income stream, while also offering significant potential for long-term appreciation.

@Cp Rahaim,Typically the airbnb estimators focus on your potential revenue.

IF I can get my unit turned over fast enough, I can potentially have a new guest in the day after someone moves out (move out in the AM, new guest in by late afternoon the following day).

By investing in quality renovations, I hope to enhance the value and appeal of my home, as well as potentially lower my insurance costs.Strategic Renovations to ConsiderAddressing Four-Point Issues: I've addressed the issues that needed to be rectified before obtaining conventional financing.

They show you potential savings - if everything works in your favor.

., use the money made here to travel other places.There are too many potential problems that could arise that would be out of my control.That's just how I see it.

I was wondering if there are any potential tax deductions we could take as a passive investor. 

That's a giant red flag for that grocer potentially declining to renew their lease, vegan gluten free customers don't want to walk through a cloud of cigarette smoke to get to their ethically sourced non-GMO organic avocado, and obviously the "no smoking within 50 feet" sign is going to be ignored by the customers of that neighboring business, who are all a bunch of smokers.

My aspiration is to explore all potential avenues to turn this property into a profitable asset.