If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

This admin is determined to get rates down regardless of the economic view.One thing I forgot to mention is my current rates are adjustable rates. 

Especially when the economics don’t work.

Ideally Health & Safety or Rents & Profits in CA, TX, AZ, NV.Thanks in advance!

This predictable shift fuels consistent demand for multifamily properties, making them a defensive asset during periods of economic change.💼 Stability Through Economic CyclesMultifamily properties cater to a diverse tenant base across various income levels.

I started looking at markets that showed good economic, population growth to start and ultimately settled on the midwest. 

It also comes with a restaurant that hasn’t been in service for 40 years, but the structure is in surprisingly good shape.Here’s what I’m thinking through so far:Standard due diligence: +Phase 1 and 2 environmental, city plans/zoning, health department approvals for bringing the restaurant back online.Talking to the Army Corps of Engineers and the local harbormaster about dredging (not something I’d do immediately but want to know long-term outlook) and figure out generic cost for budgeting purposes. 

If you’re open to other locations, the Midwest offers markets where the economics for mid‑term rentals are more favorable: lower purchase prices, steadier rent premiums for furnished/short‑term setups, and less competition.

I would love to be a resource for you as a lender, and I actually also have a masters in mental health counseling.

You should have some good economic reason for converting it.There is no court case or regulations specifically prohibiting this, nor telling taxpayers they can do this, from my experience, but again, you asking this question and it feeling a little "too good to be true" is usually a sign the IRS may scrutinize something like this, especially if done repeatedly.