The property  is in a great area and I see other properties nearby doing great numbers on AirDNA.

Your numbers sound great and with just a basement pulling in $2000 that gives me some confidence if I try to be particular on the location, especially close to the metro while being accessible by public transit to the nearby university. 

@Kerry Noble Jr what if I have identified a couple of nearby properties that are on VRBO or AIRBNB?

Purchase price: $180,000 Cash invested: $45,000 Single-family ranch-style home minutes from nearby Air Force base.

A wealth of family attractions are also nearby, including amusement parks, water parks, go-karting, and a movie theater.

However, to get into the weeds and the details, you need to find a way to get involved in the real estate world.If I were you, I would look up real estate meetups in your area and start attending a few meetups nearby.

I know this area well and significant new development is underway nearby- restaurants, apt complexes etc. 

I would be more concerned about a major highway or train tracks nearby.

Example: my nephew also wants a property with comfortable furniture, nearby attractions, and a coffee machine, but he might sacrifice some of those lower-order needs in order to fulfill higher-order needs6.

I’m currently considering Norwich and nearby towns, Middletown, Meriden and west Hartford.