That metric is important in commercial properties because they use the income approach to determine value.

Anyone able to help with some rental / lease comps?

Regular market analysis and strategic selling of underperforming assets while the market is strong can allow you to reinvest in higher-performing assets or hold cash for future opportunities.Leveraging built equity through equity partnerships or private lending can generate passive income while keeping your capital relatively liquid.

It seems like you have a fantastic chance to maximize the space in your existing house so that you can earn rental revenue.

I do very well with the Airbnb income and do not want to turn it into a long-term rental.

Quote from @Aline Elad: If the property is a rental and cash flowing $1,200 a month, why do you "need" to buy a new rental? 

Given your situation and concerns, here's a breakdown of considerations and advice:Pros of Renting Out Current Home and Buying a New Primary Home:Living Condition Upgrade: Moving to a larger, newer home with boutique features can improve your living space.Rental Market: West Town in Chicago generally has a strong rental market, which could provide good rental income from your current home.Portfolio Diversification: Adding another property to your real estate portfolio can enhance diversification and potentially increase long-term wealth through property appreciation and rental income.Cons and Concerns:Interest Rate: The current interest rate of 7% on a new mortgage is high, and there's uncertainty about future rate decreases.

I own a business checking account to manage rental income.

I'm working on getting a cash out refinance on a Rental property.

Have you confirmed you can use this loan on rentals?