Pretty solid numbers.While starting with Propstream is better than I've seen others start with, we need to ensure we're conducting market research to determine which zip codes to market to.

It can take a while to find a good deal, depending on your market you may need to be searching by zip code or even neighborhood or particular blocks.

While this analysis is certainly important, investors in metro areas cannot ignore the upfront time and money required to get an STR up and running.In analyzing a potential STR investment in a metro area, include these estimates as upfront costs (these are strictly furnishing expenses, not including any rehab work):- Living Room: $2k⠀⠀- Dining Room: $700⠀- Kitchen: $750⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bedroom: $1.5k⠀⠀⠀⠀⠀⠀⠀⠀⠀- Bathroom: $300⠀⠀⠀⠀⠀⠀⠀⠀⠀You can certainly furnish a STR for more or less, but these are numbers I try to stick to in putting together a nicely furnished rental that includes personal touches and local flair.If you have any questions about STR investing, please don't hesitate to reach out!

Are you driving every block in your zip code and noting changes on blocks, smaller homes, value add opportunities?

Ours was mandated 2 years AFTER we closed after an apartment bldg fire in the town had the bldg insp enforce all the IROC2018 fire protection codes, no exceptions.

Just yesterday I saw a market update for the 37415 area code- typical home values have risen from $197k a year ago to $238k now, and they expect values to continue to rise!

Using Listsource I determined that the zip code area 14609, 14624, and 14612 had the most absentee owners within the past six months.

This is all very possible, but you will need to move fairly quickly to identify your next properties since there is a strict timeline for 1031 exchanges.Best of luck!

I knew the zip code and the area very well.

@Paul Vail  the only caution I will give you is that if you need to bulldoze make sure it is a buildable lot by current code.