Based on both of your posts I’ve done a little math and calculated I would have to charge $255 a night (at a 44% occupancy rate) to stand the smallest chance of making what would make this worth it to me.

Despite challenges such as higher mortgage rates and limited inventory, the market shows positive growth indicators.Property PricesHome prices in Birmingham are forecasted to rise steadily over the next six months.

Depending on the interest rate and points, this might require a broker.

The conversation went well and we moved forward. 

Not sure if higher purchase prices/rates have created this boom or if it's that all the new supply of rentals in Chicago is aimed at top end luxury *$3000 1br type builds etc. but rents have shot up on the north side.

I was looking for reviews on wealthability.carol @Carol LamSearching the forums using the magnifying glass at the top right of the page you can find a lot of conversations about Wealthability.Here is a 142 response thread on the topic... there are many more also:https://www.biggerpockets.com/...

STR inventory in Pensacola exploded between 2020- and now which has driven down occupancy per unit and in some cases rates. 

(Floating rate loans, with no rate cap) 

I have a million classified posts showing the style we build. you'll never get the numbers at that rate. your numbers are way off and way too low. work with an experienced general contractor who knows this stuff. 

BTW this will also help you understand local rent rates.