On our current STR Hot sheet for the Oregon Coast we’re showing about 100 active listings that are eligible for a vacation rental permit and nightly AirBnB rental usages. 

He says he wants to fix it up himself and sell it because the market is hot in that area right now.

Hot water heater leaked and flooded downstairs storage area.

.- Monthly cash flow from day one- More properties that are fully separated metered -- gas, electric, hot water all metered for individual units- Significant increase in property management -- evictions, late rent not because somebody simply forgot to press "send," potential domestic issues, issues between tenants, etc.

.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

Electric stove, hot water heater, etc.I hope this helps. 

I would add that the current Utah investment market is red hot and it is hard to find good rental units for a decent price.  

I had repainted the floors felt with hot water heaters and broken hvac systems. 

Yes, it is considered climate change resilient and won't get too hot in the summer, but then there are the other 6 months.

I see you around the forums every day and most of your posts are either misguided or full of hot air.