12 Best Cities for Airbnb Arbitrage in USA 2023

Airbnb has revolutionized hospitality by enabling homeowners and renters to share their properties with travelers from around the globe. But not all cities are created equal when it comes to Airbnb arbitrage – the practice of renting out a property on Airbnb while making more money than what was paid.

For Airbnb arbitrage to succeed, you need the proper city with high demand, low costs, and reasonable regulations. This article will investigate the 12 best cities for Airbnb arbitrage in America and why they make great options for aspiring entrepreneurs.

Factors to Consider When Selecting Cities for Airbnb Arbitrage

Before we explore the top 12 cities for Airbnb arbitrage, let’s take a closer look at some of the factors you should take into account when making your selection:

Tourism Demand and Seasonality

A city’s demand for short-term rentals is directly proportionate to its tourism level. Therefore, selecting an area with many visitors and an active tourism industry is best. Furthermore, it would be best if you considered that sector’s seasonality; demand and prices may fluctuate significantly according to when you visit.

Regulatory Environment for Short-Term Rentals

Regulations can make or break your Airbnb arbitrage business. Some cities have stringent regulations that make renting properties on Airbnb difficult. In contrast, others provide more lax guidelines that make the process smoother. Therefore, it’s essential to research each city’s regulations before investing in a property.

Average Daily Rate (ADR) and Occupancy Rate (OR)

Select a city with an impressive average daily rate (ADR) and occupancy rate (OR) to maximize your profits. The ADR is the price per night you can charge for renting your space; OR indicates when your unit is occupied. Naturally, the higher these numbers are, the better off you will be financially.

Cost of Living and Expenses

The cost of living in a city can immensely affect your profits. To maximize these earnings, choose a place with low expenses and cost of living.

Competition from Other Short-Term Rentals

Finally, evaluating competition from other short-term rentals in your city is essential. If there are too many Airbnb rentals nearby, it could be difficult for you to attract renters and maximize profits.

Top 12 Cities to Consider for Airbnb Arbitrage in 2023

Now that you know what to look for when selecting a city to conduct Airbnb arbitrage, let’s take a closer look at the top twelve that meet all these criteria:

1. Miami, Florida

Miami is one of the top tourist destinations in America, drawing millions of visitors each year. The city enjoys warm temperatures year-round, beautiful beaches, and an exciting nightlife scene. With an ADR of around $200 and OR of around 60%, Miami is an ideal location for Airbnb arbitrage opportunities. Moreover, its relatively lax regulations for short-term rentals allow you to rent out your property with few limitations.

2. Nashville, Tennessee

Nashville is known as “Music City” for its country music scene, which draws millions of visitors annually. With an ADR of around $150 and OR around 65%, Nashville could make an excellent choice for Airbnb arbitrage investors due to lenient regulations regarding short-term rentals – meaning you can rent out your property without too many restrictions.

3. San Diego, California

San Diego is situated on the southern shores of California and boasts stunning beaches, great weather, and a relaxed lifestyle. As such, it attracts millions of tourists annually – perfect for Airbnb arbitrage opportunities! With an ADR of around $200 and OR around 60%, renting your property here should be relatively effortless. Furthermore, due to lenient regulations for short-term rentals, it should be relatively effortless as well.

4. New Orleans, Louisiana

New Orleans is renowned for its exciting music scene, delectable food, and historic architecture. The city draws millions of visitors each year, especially during Mardi Gras season. With an ADR of around $150 and OR of around 60%, New Orleans makes an excellent choice for Airbnb arbitrage opportunities. Furthermore, the city’s lax regulations on short-term rentals make it possible to rent out your property with few limitations.

5. Austin, Texas

Austin is the capital of Texas and is famous for its exciting music scene, delicious food, and stunning natural surroundings. Every year millions of visitors flock to Austin – especially during the South by Southwest festival! Therefore, Austin is a great Airbnb arbitrage opportunity with an ADR of around $150 and OR of around 60%. Furthermore, with relatively lax regulations regarding short-term rentals in Austin, you can rent your property with few restrictions.

6. Seattle, Washington

Seattle is renowned for its stunning natural scenery, delicious coffee, and vibrant music scene. As one of the world’s top Airbnb arbitrage destinations, with an ADR of around $150 and OR of around 60%, Seattle makes sense as an investment destination. Furthermore, with relatively lax regulations regarding short-term rentals – making renting out your property simple – the city makes for profitable arbitrage opportunities.

7. Denver, Colorado

Denver is a mountain city in the Rocky Mountains that attracts millions of tourists yearly for its stunning natural landscape, delicious food, and craft beer scene. As a result, the average daily rate (ADR) in Denver is around $150. In contrast, the occupancy rate (OR) hovers around 60%, making it ideal for Airbnb arbitrage opportunities. Furthermore, Denver’s relatively lax regulations regarding short-term rentals allow you to rent out your property without too many constraints easily.

8. Chicago, Illinois

Chicago is a Midwest city renowned for its breathtaking architecture, excellent food, and world-class museums. As one of the highest Airbnb arbitrage opportunities with an ADR of around $150 and OR at 60%, Chicago makes sense as an investment target. Furthermore, with relatively lax regulations regarding short-term rentals in the city, renting out your property couldn’t be simpler!

9. Portland, Oregon

Portland is a coastal city in the Pacific Northwest known for its delicious food, the craft beer scene, and picturesque natural surroundings. As one of the top choices for Airbnb arbitrage opportunities due to its relatively low ADR of $150 and OR of 60%, Portland is an ideal arbitrage opportunity. Furthermore, with relatively lax regulations regarding short-term rentals in this city, renting your property should be straightforward.

10. San Francisco, California

San Francisco is a Bay Area city renowned for its breathtaking natural scenery, delicious food, and iconic landmarks such as the Golden Gate Bridge. With millions of visitors annually, it is an attractive option for Airbnb arbitrageurs. With an ADR of around $200 and OR around 60%, San Francisco makes for great investment potential on Airbnb properties; however, it has some of the strictest regulations regarding short-term rentals in America. So thoroughly research those rules before investing in any property there.

11. Savannah, Georgia

Savannah is a historic city known for its stunning architecture, charming squares, and Southern hospitality. The city attracts millions of visitors each year – particularly during the spring and fall seasons. With an annual average rental rate (ADR) of around $150 and OR around 60%, Savannah makes for great Airbnb arbitrage opportunities. Furthermore, Savannah’s relatively lax regulations on short-term rentals make it possible to rent out your property with few constraints.

12. Las Vegas, Nevada

Las Vegas is renowned for its world-class entertainment, luxurious hotels, and endless nightlife. As one of the world’s most visited cities each year, Las Vegas makes an excellent option for Airbnb arbitrage opportunities. With an ADR of around $150 and OR around 60%, renting out your property here could not be simpler! Plus, with relatively lax regulations regarding short-term rentals, it’s relatively straightforward to do so.

FAQs

1. What is Airbnb arbitrage?

Airbnb arbitrage is the practice of renting out a property on Airbnb and making a profit by charging more than what the actual cost of the rental would have been.

2. How Do I Select the Appropriate City for Airbnb Arbitrage?

When selecting a city for Airbnb arbitrage, you should consider factors like tourism demand and seasonality, the regulatory environment for short-term rentals, average daily rate and occupancy rate, cost of living/expenses, and competition from other short-term rentals.

3. What are the Best Cities for Airbnb Arbitrage in America?

According to Airbnb’s data, these are the 12 best cities for arbitraging Airbnb bookings in the USA: Miami, Nashville, San Diego, New Orleans, Austin, Seattle, Denver, Chicago, Portland, San Francisco, Savannah, and Las Vegas.

4. What type of property is ideal for Airbnb arbitrage?

The ideal property to use for Airbnb arbitrage is centrally located, has a distinguishing feature or amenity that sets it apart from other properties and is in good condition with attractive decor.

5. How Much Money Can I Make with Airbnb Arbitrage?

Your earning potential with Airbnb arbitrage depends on several factors, including the property’s location, demand for short-term rentals in the area, ADR/OR rates, and expenses associated with running the business. However, you could earn a significant profit with careful planning and management.

6. What are some tips for managing an Airbnb arbitrage business?

Setting realistic financial objectives, being responsive and communicative with guests, maintaining a high standard of cleanliness in the property, and staying abreast of local regulations and laws are some tips for successfully managing an Airbnb arbitrage business.

7. What are some potential risks associated with Airbnb arbitrage?

Airbnb arbitrage can present unexpected expenses, damage to property, legal disputes with guests or neighbors, and fluctuations in demand and prices. Therefore, it would be best to prepare for these potential pitfalls and have a strategy for mitigating them.

8. Can I hire a property management company to manage my Airbnb arbitrage business?

You can hire a property management company to manage your Airbnb arbitrage business. That may be ideal if you lack the time or expertise to manage it or want to scale up and manage multiple properties simultaneously. First, however, select an established and experienced management firm that can assist in reaching your business objectives.

9. Do I Need Experience in Hospitality or Real Estate to Start an Airbnb Arbitrage Business? 

The fact can be seen that many entrepreneurs can benefit from prior hospitality or real estate experience.

You can still start an Airbnb arbitrage business without experience in hospitality or real estate. However, it is essential that you do your due diligence and research the industry before investing in a property. Furthermore, hiring a mentor or consultant could prove helpful throughout this process.

10. How Can I Market My Airbnb Rental Property to Attract Guests?

To draw guests to your Airbnb rental property, you can utilize various marketing tactics such as creating an eye-catching listing with high-quality photos, emphasizing unique features or amenities, offering competitive pricing, and being responsive and communicative with guests.

11. How Can I Maximize My Profits with Airbnb Arbitrage?

To maximize your profits through Airbnb arbitrage, focus on increasing your occupancy rate, setting competitive pricing, cutting expenses, and providing extra services or amenities to guests.

12. How can I guarantee guests that my Airbnb rental property is secure?

To guarantee the safety of guests at your Airbnb rental property, you can install high-quality locks and security systems, provide clear instructions and emergency contacts, keep the space clean and well-maintained, and conduct regular inspections to identify and address potential hazards or issues.

13. What are ADR and OR in Airbnb Business

Average Daily Rate (ADR) and Occupancy Rate (OR) are two key metrics used in the Airbnb industry to assess a rental property’s financial performance. Gaining insight into these figures helps maximize profits and make informed pricing and marketing tactics decisions.

The Airbnb Night Rate (ADR) is the average price per night properties rent out on Airbnb. This metric is calculated by dividing the total revenue earned from rentals by the total number of nights rented; for instance, if a property earns $1,500 in revenue over ten nights, its ADR would be $150.

The occupancy rate (OR) indicates the percentage of time guests occupy a property. This metric is calculated by dividing the total number of nights rented by the total available rent. For instance, if 20 nights out of 30 are rented in one month, its OR would be 66.7%.

Both ADR and OR are critical indicators for evaluating the financial performance of an Airbnb rental property. A high ADR indicates that the property generates significant revenue per night. In contrast, a high OR signifies high demand and frequent bookings.

To maximize profits in the Airbnb business, it’s essential to balance ADR and OR. If the ADR is too high, the property may not attract enough renters to maintain its high OR; conversely, if it’s too low, there may be plenty of renters but not enough revenue generated to cover expenses and make a profit.

In general, it’s wise to strive for a balance between high ADR and high OR. That can be accomplished by setting competitive pricing that reflects the demand for short-term rentals in an area and offering additional services or amenities that set your property apart. Furthermore, staying informed on local regulations and laws that could influence pricing or marketing strategies for Airbnb rental properties is essential.

14. What is Rental arbitrage?

‘Rental arbitrage’ is renting a property long-term and then re-renting it short-term on sites like Vrbo and Airbnb. Rental arbitrage is a mode to enter the short-term rental market without buying a property. Rental arbitrage may be incredibly lucrative and challenging at the same time.

15. How do you Calculate Rental Arbitrage?

If you want to apprehend how to estimate the rental arbitrage potential, here is the formula for your work.

Monthly Arbitrage Potential = Monthly Rent – Average Monthly RevPAR (from the Last Twelve Months)

Remember that RevPAR – Revenue per available room (RevPAR) is a metric employed in the hospitality industry to calculate hotel performance. The measurement is computed by multiplying a hotel’s average daily room rate (ADR) by the occupancy rate.

Conclusion

Selecting the ideal city for Airbnb arbitrage can make all the difference in your business’ success. The 12 cities listed above boast high demand, low costs, and favorable regulations – making them ideal choices for aspiring Airbnb entrepreneurs. But before investing in any property, it’s essential to research each location thoroughly to guarantee it meets all of your criteria and is suitable for your desired objectives.

 

12 Best Cities for Airbnb Arbitrage in USA 2023

Airbnb has revolutionized hospitality by enabling homeowners and renters to share their properties with travelers from around the globe. But not all cities are created equal when it comes to Airbnb arbitrage – the practice of renting out a property on Airbnb while making more money than what was paid.

For Airbnb arbitrage to succeed, you need the proper city with high demand, low costs, and reasonable regulations. This article will investigate the 12 best cities for Airbnb arbitrage in America and why they make great options for aspiring entrepreneurs.

Factors to Consider When Selecting Cities for Airbnb Arbitrage

Before we explore the top 12 cities for Airbnb arbitrage, let’s take a closer look at some of the factors you should take into account when making your selection:

Tourism Demand and Seasonality

A city’s demand for short-term rentals is directly proportionate to its tourism level. Therefore, selecting an area with many visitors and an active tourism industry is best. Furthermore, it would be best if you considered that sector’s seasonality; demand and prices may fluctuate significantly according to when you visit.

Regulatory Environment for Short-Term Rentals

Regulations can make or break your Airbnb arbitrage business. Some cities have stringent regulations that make renting properties on Airbnb difficult. In contrast, others provide more lax guidelines that make the process smoother. Therefore, it’s essential to research each city’s regulations before investing in a property.

Average Daily Rate (ADR) and Occupancy Rate (OR)

Select a city with an impressive average daily rate (ADR) and occupancy rate (OR) to maximize your profits. The ADR is the price per night you can charge for renting your space; OR indicates when your unit is occupied. Naturally, the higher these numbers are, the better off you will be financially.

Cost of Living and Expenses

The cost of living in a city can immensely affect your profits. To maximize these earnings, choose a place with low expenses and cost of living.

Competition from Other Short-Term Rentals

Finally, evaluating competition from other short-term rentals in your city is essential. If there are too many Airbnb rentals nearby, it could be difficult for you to attract renters and maximize profits.

Top 12 Cities to Consider for Airbnb Arbitrage in 2023

Now that you know what to look for when selecting a city to conduct Airbnb arbitrage, let’s take a closer look at the top twelve that meet all these criteria:

1. Miami, Florida

Miami is one of the top tourist destinations in America, drawing millions of visitors each year. The city enjoys warm temperatures year-round, beautiful beaches, and an exciting nightlife scene. With an ADR of around $200 and OR of around 60%, Miami is an ideal location for Airbnb arbitrage opportunities. Moreover, its relatively lax regulations for short-term rentals allow you to rent out your property with few limitations.

2. Nashville, Tennessee

Nashville is known as “Music City” for its country music scene, which draws millions of visitors annually. With an ADR of around $150 and OR around 65%, Nashville could make an excellent choice for Airbnb arbitrage investors due to lenient regulations regarding short-term rentals – meaning you can rent out your property without too many restrictions.

3. San Diego, California

San Diego is situated on the southern shores of California and boasts stunning beaches, great weather, and a relaxed lifestyle. As such, it attracts millions of tourists annually – perfect for Airbnb arbitrage opportunities! With an ADR of around $200 and OR around 60%, renting your property here should be relatively effortless. Furthermore, due to lenient regulations for short-term rentals, it should be relatively effortless as well.

4. New Orleans, Louisiana

New Orleans is renowned for its exciting music scene, delectable food, and historic architecture. The city draws millions of visitors each year, especially during Mardi Gras season. With an ADR of around $150 and OR of around 60%, New Orleans makes an excellent choice for Airbnb arbitrage opportunities. Furthermore, the city’s lax regulations on short-term rentals make it possible to rent out your property with few limitations.

5. Austin, Texas

Austin is the capital of Texas and is famous for its exciting music scene, delicious food, and stunning natural surroundings. Every year millions of visitors flock to Austin – especially during the South by Southwest festival! Therefore, Austin is a great Airbnb arbitrage opportunity with an ADR of around $150 and OR of around 60%. Furthermore, with relatively lax regulations regarding short-term rentals in Austin, you can rent your property with few restrictions.

6. Seattle, Washington

Seattle is renowned for its stunning natural scenery, delicious coffee, and vibrant music scene. As one of the world’s top Airbnb arbitrage destinations, with an ADR of around $150 and OR of around 60%, Seattle makes sense as an investment destination. Furthermore, with relatively lax regulations regarding short-term rentals – making renting out your property simple – the city makes for profitable arbitrage opportunities.

7. Denver, Colorado

Denver is a mountain city in the Rocky Mountains that attracts millions of tourists yearly for its stunning natural landscape, delicious food, and craft beer scene. As a result, the average daily rate (ADR) in Denver is around $150. In contrast, the occupancy rate (OR) hovers around 60%, making it ideal for Airbnb arbitrage opportunities. Furthermore, Denver’s relatively lax regulations regarding short-term rentals allow you to rent out your property without too many constraints easily.

8. Chicago, Illinois

Chicago is a Midwest city renowned for its breathtaking architecture, excellent food, and world-class museums. As one of the highest Airbnb arbitrage opportunities with an ADR of around $150 and OR at 60%, Chicago makes sense as an investment target. Furthermore, with relatively lax regulations regarding short-term rentals in the city, renting out your property couldn’t be simpler!

9. Portland, Oregon

Portland is a coastal city in the Pacific Northwest known for its delicious food, the craft beer scene, and picturesque natural surroundings. As one of the top choices for Airbnb arbitrage opportunities due to its relatively low ADR of $150 and OR of 60%, Portland is an ideal arbitrage opportunity. Furthermore, with relatively lax regulations regarding short-term rentals in this city, renting your property should be straightforward.

10. San Francisco, California

San Francisco is a Bay Area city renowned for its breathtaking natural scenery, delicious food, and iconic landmarks such as the Golden Gate Bridge. With millions of visitors annually, it is an attractive option for Airbnb arbitrageurs. With an ADR of around $200 and OR around 60%, San Francisco makes for great investment potential on Airbnb properties; however, it has some of the strictest regulations regarding short-term rentals in America. So thoroughly research those rules before investing in any property there.

11. Savannah, Georgia

Savannah is a historic city known for its stunning architecture, charming squares, and Southern hospitality. The city attracts millions of visitors each year – particularly during the spring and fall seasons. With an annual average rental rate (ADR) of around $150 and OR around 60%, Savannah makes for great Airbnb arbitrage opportunities. Furthermore, Savannah’s relatively lax regulations on short-term rentals make it possible to rent out your property with few constraints.

12. Las Vegas, Nevada

Las Vegas is renowned for its world-class entertainment, luxurious hotels, and endless nightlife. As one of the world’s most visited cities each year, Las Vegas makes an excellent option for Airbnb arbitrage opportunities. With an ADR of around $150 and OR around 60%, renting out your property here could not be simpler! Plus, with relatively lax regulations regarding short-term rentals, it’s relatively straightforward to do so.

FAQs

1. What is Airbnb arbitrage?

Airbnb arbitrage is the practice of renting out a property on Airbnb and making a profit by charging more than what the actual cost of the rental would have been.

2. How Do I Select the Appropriate City for Airbnb Arbitrage?

When selecting a city for Airbnb arbitrage, you should consider factors like tourism demand and seasonality, the regulatory environment for short-term rentals, average daily rate and occupancy rate, cost of living/expenses, and competition from other short-term rentals.

3. What are the Best Cities for Airbnb Arbitrage in America?

According to Airbnb’s data, these are the 12 best cities for arbitraging Airbnb bookings in the USA: Miami, Nashville, San Diego, New Orleans, Austin, Seattle, Denver, Chicago, Portland, San Francisco, Savannah, and Las Vegas.

4. What type of property is ideal for Airbnb arbitrage?

The ideal property to use for Airbnb arbitrage is centrally located, has a distinguishing feature or amenity that sets it apart from other properties and is in good condition with attractive decor.

5. How Much Money Can I Make with Airbnb Arbitrage?

Your earning potential with Airbnb arbitrage depends on several factors, including the property’s location, demand for short-term rentals in the area, ADR/OR rates, and expenses associated with running the business. However, you could earn a significant profit with careful planning and management.

6. What are some tips for managing an Airbnb arbitrage business?

Setting realistic financial objectives, being responsive and communicative with guests, maintaining a high standard of cleanliness in the property, and staying abreast of local regulations and laws are some tips for successfully managing an Airbnb arbitrage business.

7. What are some potential risks associated with Airbnb arbitrage?

Airbnb arbitrage can present unexpected expenses, damage to property, legal disputes with guests or neighbors, and fluctuations in demand and prices. Therefore, it would be best to prepare for these potential pitfalls and have a strategy for mitigating them.

8. Can I hire a property management company to manage my Airbnb arbitrage business?

You can hire a property management company to manage your Airbnb arbitrage business. That may be ideal if you lack the time or expertise to manage it or want to scale up and manage multiple properties simultaneously. First, however, select an established and experienced management firm that can assist in reaching your business objectives.

9. Do I Need Experience in Hospitality or Real Estate to Start an Airbnb Arbitrage Business? 

The fact can be seen that many entrepreneurs can benefit from prior hospitality or real estate experience.

You can still start an Airbnb arbitrage business without experience in hospitality or real estate. However, it is essential that you do your due diligence and research the industry before investing in a property. Furthermore, hiring a mentor or consultant could prove helpful throughout this process.

10. How Can I Market My Airbnb Rental Property to Attract Guests?

To draw guests to your Airbnb rental property, you can utilize various marketing tactics such as creating an eye-catching listing with high-quality photos, emphasizing unique features or amenities, offering competitive pricing, and being responsive and communicative with guests.

11. How Can I Maximize My Profits with Airbnb Arbitrage?

To maximize your profits through Airbnb arbitrage, focus on increasing your occupancy rate, setting competitive pricing, cutting expenses, and providing extra services or amenities to guests.

12. How can I guarantee guests that my Airbnb rental property is secure?

To guarantee the safety of guests at your Airbnb rental property, you can install high-quality locks and security systems, provide clear instructions and emergency contacts, keep the space clean and well-maintained, and conduct regular inspections to identify and address potential hazards or issues.

13. What are ADR and OR in Airbnb Business

Average Daily Rate (ADR) and Occupancy Rate (OR) are two key metrics used in the Airbnb industry to assess a rental property’s financial performance. Gaining insight into these figures helps maximize profits and make informed pricing and marketing tactics decisions.

The Airbnb Night Rate (ADR) is the average price per night properties rent out on Airbnb. This metric is calculated by dividing the total revenue earned from rentals by the total number of nights rented; for instance, if a property earns $1,500 in revenue over ten nights, its ADR would be $150.

The occupancy rate (OR) indicates the percentage of time guests occupy a property. This metric is calculated by dividing the total number of nights rented by the total available rent. For instance, if 20 nights out of 30 are rented in one month, its OR would be 66.7%.

Both ADR and OR are critical indicators for evaluating the financial performance of an Airbnb rental property. A high ADR indicates that the property generates significant revenue per night. In contrast, a high OR signifies high demand and frequent bookings.

To maximize profits in the Airbnb business, it’s essential to balance ADR and OR. If the ADR is too high, the property may not attract enough renters to maintain its high OR; conversely, if it’s too low, there may be plenty of renters but not enough revenue generated to cover expenses and make a profit.

In general, it’s wise to strive for a balance between high ADR and high OR. That can be accomplished by setting competitive pricing that reflects the demand for short-term rentals in an area and offering additional services or amenities that set your property apart. Furthermore, staying informed on local regulations and laws that could influence pricing or marketing strategies for Airbnb rental properties is essential.

14. What is Rental arbitrage?

‘Rental arbitrage’ is renting a property long-term and then re-renting it short-term on sites like Vrbo and Airbnb. Rental arbitrage is a mode to enter the short-term rental market without buying a property. Rental arbitrage may be incredibly lucrative and challenging at the same time.

15. How do you Calculate Rental Arbitrage?

If you want to apprehend how to estimate the rental arbitrage potential, here is the formula for your work.

Monthly Arbitrage Potential = Monthly Rent – Average Monthly RevPAR (from the Last Twelve Months)

Remember that RevPAR – Revenue per available room (RevPAR) is a metric employed in the hospitality industry to calculate hotel performance. The measurement is computed by multiplying a hotel’s average daily room rate (ADR) by the occupancy rate.

Conclusion

Selecting the ideal city for Airbnb arbitrage can make all the difference in your business’ success. The 12 cities listed above boast high demand, low costs, and favorable regulations – making them ideal choices for aspiring Airbnb entrepreneurs. But before investing in any property, it’s essential to research each location thoroughly to guarantee it meets all of your criteria and is suitable for your desired objectives.