The numbers you talked about are also factors because the more you can pull out the more you can do with it.

*What the seller is willing or able to do in terms of repairs or concessions will be dictated by a lot of factors.

I think paying attention to factors like this helps make decisions for STR strategy. 

They only seem to care about getting the lowest price and then learn the hard way that price is NOT the most important factor.

But you can get a nice wow factor with tile but at double the cost.

One of the most important factors many investors don't take into consideration is the paydown on the mortgage and this calculation often makes a huge difference when calculating your ROI's.Yesterday, I was working on my software program and was calculating the numbers for a 30-unit apartment building for $7.5 million with 30% down and the monthly principal payment for the loan is $9,000.

I have 3 RE licenses and multiple investment properties, some are even STR, but I am not sure if the zonig should be a factor in the appraisal process.

Not sure about time factor and would have to better gauge this better as I like my free time too!

Maybe you factor in a little but the majority of the loan is based on the property.Anyway, I hope that helps some with what you are asking but feel free to ask anything else if you need. 

@Jennifer Cogley Minneapolis rental licenses do not list or factor the number of bedrooms.