That price only works if the current "hotel-style" renting stays in place.  

Right now I currently own a fourplex in which I Airbnb 3 out of 4 units plus a single family that I just bought in Nov 2020 that is now my residence.

Like many I started investing in small multifamily and in the last few years have directed my efforts towards commercial style multifamily sized buildings. 

I closed on a 24 unit apartment in Nov, and post close found a handful of small issues like this (leaky fridge, missing sheetrock in closet, etc.) that I just had to eat.2) Did you get the property professionally inspected prior to closing? 

Hi Travis, the neighborhood is called “Desert Color” the reason Im even mentioning the name is because the entire neighborhood is centered around “resort style living” my part of the neighborhood is not zoned night rental and minimum of 6 month leases.

Yours may be a brand new, high-end, fully upgraded, highly sought after style, with a huge lot and the other one could be a dilapidated 100yr old, needing to be rebuilt, on a tiny lot. 

I got one of my clients closed on a east Medford home with two ADU’s that was an older craftsman style home that they’re househacking short term rental market and it’s been great for them!

The successful hosts will innovate & outcompete less effective hosts just like some LTR landlords outcompete others.

For example, i had one that in process clients selected a garage door style that literally did not exist at the time.

Same style of property and the dates youre looking for.