There are 4 common metrics you’ll see when evaluating deals as a passive investor:1 - Cash on cash return: This is what most people think about when investing in real estate.Cash on cash is measured by how much rental income you get for the money you put in.

In case people outside Texas considering Plano, TX for STR, please be aware that Plano City Council just voted for a interim ban on STR in Plano city limits.The purpose of the interim measure, according to Day’s presentation on May 8, is “to prohibit the establishment of new short-term rentals of dwelling units while the city conducts public outreach, collects data, and analyzes information to determine permanent recommendations, due to community concerns about health and safety.”

I do see licenses getting more stringent to obtain e.g. tighter inspections etc

I then figured out exactly where it was located, looked up the zoning codes, did rough measurements of the site and realized that this had absolutely huge potential.

Properties across the street, that may even be the same size, could be worthless as a comp...but a property 6 blocks away may be better....and not because it makes your property look better.First, don't bother analyzing properties...analyze markets, to find micro-markets.Second, understand that "time on market" isn't measured from the time the property was first listed, to the time it says it was "sold".  

-We started by measuring the distance the beam would span.

What are some safety measures and precautions I can take?

If you’re buying in a popular STR market it’ll be more helpful and less time intensive than reaching out to hosts. 4) Most people will measure STR profitability on an annual basis, not monthly, because almost all markets are seasonal. 

And in that case, depends on what part of the massive Disney property you are measuring to.

The difficult part is knowing/ measuring the labor work.