Columbus, OH - Air BnB Vacancy Rates
My wife and I are starting to look into SFH and condos to purchase as an investment property used as a short-term rental (Air BnB) in Columbus, OH. We have a unique work set up where we will live in Lexington, Kentucky, but I will come to Columbus a few times each month for work. I will stay in the property during those few days then we will rent it out the rest of the time.
I am trying to create a model to run numbers on potential properties, but I'm not sure what to use for expected vacancy. I know vacancy is a function of hundreds of factors, but in general, a property in close proximity to Ohio Stadium, downtown, the Convention Center, etc, - what is a conservative overall vacancy estimate for the year when used as an Air BnB type rental?
Thanks for your input!