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And in REI, correction happens when inventory increases among other factors.

@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

You have a good point about the hassle factor though. 

For design, it really depends on your preference? 

Once again, the loss of the compounding factor by concentrating on my personal home rather than an investment was significant. 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Many people just ask the rates because that is the probably the only factor they know, so it's important educate them how several factors can also influence the rates.

With it being in a planned neighborhood, all the cabins design wise are the same, but ours has even better views. 

They got Jared a policy that ran around $4,100 a year, which wasn’t exactly pocket change, but it felt like a workable number once he factored in the premium he could charge per night.