0/2 on STR offers, and no end in sight!

[Wyatt A Brady]

Ready to take the plunge on an STR, and I've driven to my target location on the drop of a hat to put in healthy offers twice in a month. The first (turnkey) for just under asking, and the second (almost a full gut) for 5% over. Both sold the first weekend they listed, for a currently unknown amount. Sounds like my healthy offers werent quite as healthy as the others. Maybe you've heard, the sellers market is pretty hot right now.

I've got the down payment/repairs cash sitting in a mutual fund, and I am at a crossroads:

Is this a VERY temporary hot market, and it should go away soon?

OR

Is this a long-term sellers market, I might as well take the plunge now before it gets worse.

Every bone in my body says that I should keep looking, and something good will come my way. No one knows whats going to happen in the future of the market and I am missing out on revenue. My main concern is that people are paying 10, 15, 20% over FMV because they are too hungry, and I dont want to get burned if- god forbid- I had to sell the place quickly.

[Ian Walsh]

I find that it takes about 30 leads/offers to get a good deal.