Check who has recently pulled permits in the area and reach out directly.On the end buyer vs investor question - it depends on lot size and location.

I posted this as a reply to someone else sharing their #'s, thought it was worth sharing as its own post as well.After nearly two years of kicking the STR tires we pulled the trigger in 2024.

Co-signer or buying subject 2/creative are also solutions.

The right solution depends on the specific layout, travel distances, stair enclosure and rating, window size and sill height, and how the jurisdiction applies IBC and the NYS code for an additional dwelling unit in an existing building.Whether it is worth it comes down to a simple feasibility and ROI check, the all in cost and timeline to legalize, versus the increase in stabilized rent and appraised value.

Pull the money from it at 9% interest fix it up over the 2 month hold period and refinance into a dscr loan using an LLC.

If you’re a real estate investor looking for creative ways to minimize your tax burden while making extra income, the Augusta Rule could be the solution you’ve been seeking.

Quick checkpoint is pull your neighborhood market rent, then compare it to the current Denver Housing Authority payment standard for the right bedroom count, then back out your tenant portion and see what the total contract rent would actually be after utilities.

I'd pull 5-10 active listings for similar bed/bath in the immediate area.

It is one step above "eh, I just pull 20% of all my buildings for 1245 property".   

When using the BRRRR method, I always provide a list of the improvements made, the cost of the improvements, the comps I pulled and my estimated ARV.