Simply adding bedrooms (especially in the basement), etc...doesn't automatically increase the rent and/or property values unless there are other properties in that market that are the same as this one would be with the increases...and those properties support the increases. 

The majority of posts I have been seeing from local short-term rental hosts have been about shifting away from this strategy to a more traditional rental / lease agreement.I do think this model will survive the pandemic, I would be cautious of this strategy at the moment unless I was certain that property could support itself as a traditional rental if necessary. 

And if they want to balance growth with debt pay down, it helps them do that too.One last thing... we are standing on the precipice of a serious market shift.

The economy might suck for a while, but the Fed and global central banks more broadly have made a major policy shift over the last year, especially since COVID, they are opening the floodgates and intend to let the economy "run hot" above their "target" inflation rate for the forseeable future.

Another idea for STRs that depend on business travelers and to shift their target to another traveler profile. 

She currently does not work and instead has an inheritance that will pay her 3-4 times rent with the option to have the rent automatically deposited into our account from the financial advisor. 

Like if you're looking at yield, or cash over cash, or any of the dozens of ways people use to evaluate cash flow and value of a property, if the 1% rule applies then all of those other metrics will automatically work out.Evaluating property this way is quick and easy and you'll make good cash flow wether you buy outright or do a mortgage or a standard commercial loan.

The book that piqued my interest was Rich Dad, Poor Dad, that was the one that started shifting my mindset. 

Check it out from the CNBC article below: "Expedia and Booking Holdings both saw a roughly 90% drop in gross bookings in the second quarter, reflecting just how difficult the past three months have been for the travel and hospitality sector.While the outlook remains uncertain, there is one segment of the travel market on fire: vacation rentals.With the center of gravity shifting from cities to suburbs, demand for homes close to beaches, recreational parks and trails continues to grow across the nation."

Also, this not reflecting the owner occupied flight out of Philadelphia to the suburban market counties and southern new jersey communities since there is a shift in work enviroment's and neighborhood safety in the urban neighborhoods.