There are obviously a lot more factors that go into it - real estate is always going to be a mix of the tangible property/market itself with a mix with the investor/operator including experience, risk appetite, financial situation etc.I would say however if you are just getting started in real estate - LTRs are probably (in a vacuum) the better bet as STRs are certainly more sophisticated and challenging from an investor perspective

Low comps, low chance to resell (cold/cool market), overblown ARV?

At what point can I begin to market the property and find a new tenant?

Hey @Richard Pennington, Raleigh is a huge market for fix & flip and wholesaling.

It will help you see your house's potential equity and present market value more clearly.

Tiny homes and ADU's generally face a lot of challenges as they are a disruptor to the RV and mobile home markets.

Planning on renovating and renting at market rates.

This is not too horrible when the "days on market" are in the single digits. but it will put a small GC out of business if the flip does not go well.

The data might be a bit dated, but it can still give us a rough idea of what’s healthy in the rental market.

This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.