Depending on the specifics of the property, it could go substantially higher - especially if you have a meaningful water view.You'll have to drill down deeper to really nail that number down, but this will get you close.

If you review 1,000 a week and it's all you do you have a deeper understanding of what's HOT and what's NOT in selecting certain commercial properties.

It's more of a gauge as to whether or not you want to dig deeper on this property or discard and move onto another.

Then we will contact real estate agents in the areas/regions we are interested in to dive deeper and (hopefully) get insider knowledge of local regulations/sentiments regarding short-term vacation rental properties, as well as using tools such as AirDNA.My current plan (albeit, naive/ignorant?) 

I communicate it via email, text, or a phone call.Now, IF the offer gets accepted, I insist on an inspection period where I can really dig in and do my due diligence (contractor + inspection + discussions with property manager & realtor + deeper dive on comps, rent projections, neighborhood, property taxes, etc.)If I learn something during my due diligence period that changes what I’m able to offer, I communicate that to the seller and we either agree on a new price, or we cancel the agreement.Also, since I’m under contract, the deal can’t be stolen away by another investor, and I have time to decide if I really want to buy it or not.

I don't know enough about local ordinances or policies but I will dive deeper.

I suppose the value in the calculator is to see if a deal is remotely close to reaching the hurdles; if it is, then one can dig deeper to provide more resolution on the assumptions.

If you know the trustee or forelcosure attorney's # you can call them too, but typically I only do that if I'm already involved or doing deeper research into a deal. 

If you do decide to dig deeper into the Cleveland market be sure to read The Ultimate Guide to Grading Cleveland Neighborhoods.

@Travis Mullenixwww.city-data.com provides a good initial/big-picture look at the demographics of a city, broken down by a variety of factors…income, education, overall crime stats, etc.To dive deeper into the crime data, the police department for many cities maintain a website with call response metrics, crime maps, etc.