The problem is that when things get overhyped it attracts con artists, scammers, and opportunistic losers. 

Forget cost of living.The game now is quality over quantity; meaning less rentals but better one's to attract better tenants, higher land value and tons of other reasons.

Real estate investors are attracted to medium-term rentals to gain the benefits of extra cash flow versus long-term rentals while avoiding regulatory risks, high turnover, and intensive management of short-term rentals.While many investors are now turning to medium-term rentals to build their portfolios, the lending world has unfortunately been a little slow to keep up.

With the addition of all the Raiders, Golden Nights and lady Aces, the prices seem to increase significantly.

@Tiffany Roberts from many years of experience I learned that some properties attract destructive tenants and some attract great ones.

There are properties that probably have 2X-3X the cash flow my properties have and are comparable in price but given their location and tenant history attract a much worse group of tenants and have much higher expense ratio relative to repairs and maintenance and general wear and tear on the property because of the type of tenants they attract.

For each property you list, you'll attract about a dozen investors on average.

High prices can eat into short-term returns, but if you believe the area has room for growth and demand (which seems likely given SW Montana’s attractiveness for remote workers and lifestyle buyers), the investment could pay off long-term through appreciation and rent increases.4.

Properties in areas undergoing revitalization are especially attractive for investors looking to buy low and achieve high nightly rates.Regulation-Friendly Market: Compared to many other large metros, Indianapolis has relatively relaxed short-term rental regulations, making it easier for property owners to get into the market without facing excessive restrictions or permitting hurdles.

Attracting capital will be tough when you start out due to not having a track record.