So the enemy method is the way to get a good idea.Check AirBNB and VRBO and see what similar properties are doing in the area.Also, Louisville recently tightened up the rules around STRs so check with the city and make sure you are good to go for a particular property.

I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?

If so, I did the same thing.

We charge a daily fee of $50 which usually will make up for it and then some plus the additional bookings who would not have booked without the option, so in my mind it is a no brainer.

Bette,Great piece for REI's.Like all IRS stuff, there are sublties, so I refer folks to IRS 587, for MORE information than they really want. ha ha

Have a map ready when you do it, as well as a pencil with an eraser so you can write on the map.Good Luck!

I would recommend just going to their website and filling out the inquiry form, the agent I worked with was Kyle B but it seems like part of their schtick is that it's all technology based insurance brokering to save you $ so I don't know that reaching out to a specific agent like a normal insurance quote would work!

We haven’t pursued that a great deal but we’re open to all creative ways to structure the deals, so keep’m comin. :) If you have insights regarding best practices for offering and/or structuring the equity idea over seller financing, I’d love to connect and chat about it.

Thanks so much for your input Alecia.

Previous post got deleted/moved by BP so apologies if you have already responded.