It depends on whether or not the carrier requires 12-month lease agreements...have to talk to an agent and provide accurate information on how the property is being used.

Silva PaganThey may, for example we run a private fund but I can tell you the offer we would provide will make you cringe.

Quote from @Sras Sath: Could someone provide sources to use for estimation?

Based on the information provided about the tenant being on disability and history of hospitalization I would suggest having the local authorities do a wellness check.

I was just offered a Heloc from Better.com for my investment property in Providence RI.

You also have to take into account the local / state landlord laws...especially the ones coming down the pike in CA's November ballot --> "Justice for Renters Act" Not sure if it'll effect STR or MTR but as a general rule of thumb, I don't run numbers on best case scenario.

Most tenants appreciate I upkeep my places and I am friendly with them but do hold them accountable when it comes to a tenant following the rules of the lease.

➡️ Can you provide a list of different finish outs for the units (e.g., classic, semi-upgraded, fully upgraded)?

Any insight provided would be greatly appreciated!

At $250/night (This is mostly a guess as to value of a VIP room) with 28 nights it would be 42.8 years to break even without accounting for inflation (today's dollars are worth more than tomorrow's dollars).Do you get any of the return from the room being rented out on the days other than the 28 days?