We are already seeing an increase in defaulted loans this quarter and sellers being a lot more reasonable on pricing.

Pretty much the core of the STR business.Higher your rank gets, you can increase your price and be more picky in selecting customers which usually lead to a better review / less party or complaints / less expense and higher profit with a happy life.I know some people will argue, but the ranking system is the truth and should be the only guide to your STR journey. 

I'm also not super optimistic on rents increasing over the next year or two though, especially if we go into a recession.

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Quote from @Devin James: Quote from @Andrew Syrios: “If you want to increase your success rate, double your failure rate.”- Former IBM CEO Thomas Watson This is my first time hearing this..

(covid, historic rate increases, etc.)

Should I sell and 1031 the equity into a apartment complex where I can increase my net per month?

It focuses on the increasing number of real estate investors in Indianapolis and how they're outbidding retail buyers.

The key lesson is that if you rent to Section 8 tenants, their negative behaviors may result in non-Section 8 tenants to leave.Rent increases are more likely tied to the minimum wage.

The biggest thing to me is buying in quality areas that will increase in value over time.