@Heather MartiniHi Heather, I would love to discuss making this a business Model in the Tampa, Clearwater and St Pete Florida area. 

For long term renters on Airbnb I think it comes down to 2 models that make the most sense. 1.

But a "quick" sale to amateur investors who just paid for a course organized around the guru model advertised on a cheap wordpress website?

But it's really a matter of personal preference and your business model.

Arbitrage is not a good business model and is generally discouraged.

do you know your total valuation model number before and after the permitted garage conversion? 

Again, I'm just looking at these investors and wonder why they think its better to put their money into cd's making 5% when STRs clearly make a far bigger return - especially when you put them in a 5 or 10 year model. 

It is an interesting business model.  

In Joes model, there is infinite leverage and therefore unlimited liability.

My model projects these can be without private or individual site water, power, bathrooms, and/ or wifi and still be worthy investments.