Hey BP community,I’m trying to do a CMA on a property where there are little to no comps and if there are comps they’re from 2017 or older.Other than asking a realtor or using automated systems (zestimate) How can I compensate for this?

One strange thing occurred though, In my mind, Long termrenting would totally be what I got into, via Househacking a duplex or something of that nature, but when I started to get involved with property management of Short term rentals, my perspective changed dramatically.My entire plan of Long Term renting would go straight out the window and now I was only after STR properties.Here are some of the major reasons why I like STR much better than Long Term Renting:Guests PAY FIRST, before getting info about how to get to the place and how to get in they must pay first, so there is no worry about a tenant paying on time.Bad tenants are gone after the reservation, so it makes rowdy guest reservations quick and then they are goneTenants sometimes damage items whether it's long or short, but with STR, you are able to chargeback guests and get compensation for damaged or broken items at your place, so there isn't much worry there.The rental income is typically much more than Longer-term renting as I have seen, you can expect a 2-3x increasein cash flow for Short term rental properties compared to Long TermWhen you offload the work to a Property management company, there is nothing to worry about as an owner you are simply able to collect a check each month and that's it. - Mike Eichler                                                    What are your thoughts on these, are there any I missed?

If they decide not to sign lease then I  will retain a daily prorated portion to compensate for money lost plus may $50 for inconvenience.If I do this, I will definitely have them sign a Receit and Holding Deposit Agreement.

*Im not sure best legal structure of partnership business, *day-to-day operation of property management (a starting point we will have to adjust), *how to compensate investors vs bank financing, *marketing (is it needed), *tenant screening company or processes*maintenance tracking software suggestions(partner thinks ai can create a program through prompts to automate this part)If anyone's done it before successfully and willing to share some advice I would be extremely grateful.

Will your insurance policy compensate you for lost income?

It’s the risk that the person running the syndication may (a) resort to fraudulent behavior, (b) not be competent to deal with the subject property, and or economic climate we encounter in the future (c) may become incapacitated and their replacement below par (d) have a “conflict of interest” between your best interest and their highest compensation.  

So I understand firsthand the investments (time, money, emotions) that need to be made in lower income asset classes, only to be made to feel like a greedy monster when the time comes to be compensated for that investment.Again I think this goes way beyond individual investors/mobile home parks.

Agree, this is to be expected.If they left belongings, research the law in your area about storing them and try to get them to agree that you can dispose of the items.Stop trying to enforce the lease, you likely won't get any further compensation. 

Does the lead compensation appear too aggressive?  

As expenses increase, you raise your rent to compensate for those increases.