They would be better poised to run a STR if it's in their same town.I have 23 STRs in this town, 83 beds, 37 bathrooms. 

I think supply is finally catching up to demand, and going to affect the artificial market we have had. just today I got an appraisal back that was extremely low. there have been other instances of appraisals coming in low on other properties as well. makes you wonder if its the market, or the banks and appraisers in bed with one another.this will be interesting to watch.

We're in Indiana BTW.Project: Adding 10x12x8 Master Bathroom to current 3 bed 1 bath 1600SqFt SFH. 

Hoping to hear some thoughts from the community.Quick background and slight twist:  I currently own a 2 bed, 2.5 bath townhouse in NJ. 

(I.e. a 3 bed 2 bath rent each room out to a woman for 500/mo.

For example, the first line item, “bed cleanup and weeding”.

HAHAHA You can't beat Cleveland, #1 in Bed Bugs!

I just look at the local motels and see how much they charge for a room with 2 beds for a week. 

Since we are new to this And we have learned a lot from this deal I'm trying to see if other investors think that this is a bed deal.

We bought this for 213k, as a 3 bed, 3 bath townhome near the Broadmoor in Colorado Springs.