For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

@Theresa Harris That seems to be popular advice for sure.

You are dealing with a specific lender overlay and not all banks/lender have those types of road blocks.

Think it is too small to grab it and may turn into some type of functional obsolescence if you make it a bedroom then someone (or other people) will have to make it into something else.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Lots to factor in with these type of loans, but they often happen when the borrower needs to recoup the down payment with a hard money loan.

The challenge lies in managing renovations and the surprise costs that can come with them over time.New construction, on the other hand, tends to be simpler with less immediate maintenance and potentially better loan rates, but you may have to accept a slightly lower cash flow due to higher purchase prices.In the Atlanta area, there are several hotspots for new builds with great long-term investment potential, as well as older homes you will need to pinpoint which type to best advise here.Hope that helps streamline your decision-making!

Some main st village type property, mixed use with store fronts etc.

,given its higher occupancy rate, average stay, daily rates, and annual bookings.Identifying the Characteristics of Top-Performing Short-Term Rental Listings in Okaloosa Island, FloridaIn this section, we will examine the types of properties situated in the southwestern area of Santa Rosa Blvd. that received over 30 reviews in the last year.To do so we will utilize the market overview page of the report displayed below:By reviewing the top two charts, it is evident that the most frequent listings with over 30 reviews in the previous year are units with 2 bedrooms and 2 bathrooms.Below, you will find some insights:15 out of 30 properties have 2 bedrooms. 13 out of the 30 listings are 1 bedroom units or studios.14 out of 30 listings can accomodate 6 guests.

I can't speak for STR as I don't specialize in that but I do have a client with a 5/3.5 STR close to downtown FTL and it is very BUSY so if you have the right type of property and location, you can do well in any market.