If the property appraises at $500K, 25% higher than purchase price, either because you bought it for less or due to market appreciation, then you essentially get all your $100K back.  

They have allowed it since May of 2021 and its a booming part of the rental market.  

When the market is more balanced, then it may make sense to buy a primary and convert it to a rental when you move.There are exceptions, but you will need to learn how to really analyze a property to know when the numbers make sense.

Always gotta be studying the market, studying your competitors, and improving your homes to exceed the rapidly increasing competition.

My Vrbo account manager sent me this today:There are substantial cancellation fees if you initiate a cancellation.May of this year they also listed a temporary 7-day suspension of your listing.They really really don't want you cancelling a booking.If something comes up try to get the guest cancel the reservation.

For example, I know of a deal in Reno, NV where all the records were still on paper, and the owners didn’t even know the rents people were paying.When I’m evaluating multifamily properties for clients around the Reno area, I calculate current, market, and proforma rents.

How much it rents for is not determined by what you'd need to make it a good investment, it is determined by the market. 

BiggerPockets can be a great resource, and I know there's tons of information available on the Fort Myers market specifically.

The NOLA rental market, especially for the more expensive neighborhoods like the one my rental is in, has been slow.

Since you're planning to buy your first multifamily unit, I suggest looking into markets that have great macroeconomics with growing population and jobs just like Columbus OH.