For me once I've identified the target market/ideal guest, my rule of thumb is if enhances their stay/they'd pay extra for it splurge.

I'm going to have to learn some more about how to better identify the markets that are appropriate for my investment strategy. 

But before I even get into identifying specific properties, I need to first get smarter about some of the other things I put in my post. 

You should have resolved the lock issue during the turnover rental prep.Secondly, did the locksmith identify exactly what the issue was?

Our goal is to identify a property and make an offer before the end of 1Q 2025.

Given all your data on historic pricing, average length of stay, and pricing at the 25th percentile, please let us know if you're able to push up the VRBO chain to speak to a Supervisor (or equivalent) and have them verify the data that supports your position.I can share that calling the VRBO support line: 877-202-4291, identifying yourself & property ID, and requesting a Supervisor politely and repeatedly, can lead to different outcomes.

Travel costs to look at other properties.If you travel but have not identified the property that you want to buy yet, the cost is considered an investigating cost.

The study could also identify the opportunity to capture additional benefits such as dispositions, and repair and maintenance expenditures.

You can identify good cash flow opportunities on a fairly large scale. 

* What are some factors to consider when identifying these hot spots?