The last cycle where rates were on a downward trend started in 1984 and ended in 2021.

The project required rezoning and platting before we got to design.

5) How much revenue are the top 3-5 places similar to yours doing in the area, and could you beat them with amenities, design, location, etc?

Here's my primary reasons:Expenses disproportionately impact lower rent collecting properties For illustration purposes compare two identically designed 1+1 duplexes in the same market.  

Any insights on suitable areas, zoning regulations, or market trends would be greatly appreciated!

Having a good game plan as an investor is key, making wise purchases, accurate budgets, holding subs accountable and to also know, yes, this may be the  current ARV at purchase, but how is this market trending and what’s our timeline.

Adding rooms does create the potential for more conflict but carefully thought-out floorplans, designate wet and dry storage spaces, and provide supplies.

I understand home designs are pretty expensive, and cannot just be applied to any lot/existing neighborhood.

It is more of an accounting platform designed for real estate than a management platform.For my STR company I use hospitable and clearing.co for my management and accounting platforms.

Try to track days on market and price trends to see how well an area is selling.There is a housing shortage in general, so every house will eventually be a home.