In addition to interest and repairs, you can deduct off a 27 year depreciation on the home. 

Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

They are all pretty the same this one cash flows the least amount but has some additional upside.   

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

Let me know if you need any additional information, feel free to give me a call. 

With the economy of scale in multifamily, each additional unit nets you a little more than the last, as a rule of thumb.

Additionally, if there are any contractors in the Fort Lauderdale area who can provide an estimate or guidance on this type of conversion, I’d really appreciate the connection!

I would love to know.I am assuming that the experience PM companies bring would be very valuable, especially to out of state owners?

JobsOhio projects that, indirectly, approximately 4,500 additional jobs will be created by 2035, further amplifying this effect.Implications for Real Estate DemandThe substantial increase in the workforce will drive demand for both rental and owner-occupied housing.