We will use appraised market rents in both of those scenarios.Typical target closing timeline is four weeks from appraisal payment. 10-14 days for upfront processing and all third-party items to be returned like appraisal, title, and insurance; 10-14 days allocated for underwriting and closing. 

Of course, I wasn't going to bring it up when marketing it :)

When you're ready to explore other markets, I recommend checking Columbus OH.

They think every other deal they come across is priced $50,000 below market value2.

However, I am intrigued by the STR market and would like to connect to see if I could add value to someone in their business or help (Co-Host) managing their STR.

I believe you would look at market analysis of what tenants would be in each of those scenarios and compare the proforma on each. 

And I should mention that I operate primarily off-market, so I've been thinking about diversifying into another market. 

They seem to run a tight ship, but I don't know enough about specialty coffee or the industry as a whole.

Toledo is ranked #1 for 2024.https://www.cleveland.com/news/2023/12/ohio-town-ranked-no-1-us-housing-market-of-2024-realtorcom-says.html

I got this property at the right time, it was on the market for $699,000.00, seller needed to sell, I offered $550,000.00 after they cut to $650,000.00 and we agreed on $600,000.00.