My neighbor has listed his but also has had occupancy issues as an STR and said that most people looking for either rooms or cheap stays but I can't comment on that as I have no experience listing as an MTR.

Also cap calls many times are throwing good money after bad but then they bring in pref equity and dilute U anyway but at least your not adding to the misery. 

The key to the cheap ones really is the cap-ex over time.

Airbnb types are seeking cheap and deeply discounted.

If they can get a property dirt cheap, you are still going to see it at the 80% of ARV like he says.

Spring may be better but I was unable to sell a cheap house in October for 5% off of “market value” and only sold a $600k home in January by listing it for $580k and I still only got one offer. ($150k down, 5 year seller financing.) my point being you may get $20-$40k more in a year if you don’t need to sell. 

In my area it's pretty easy and cheap to switch it over to the LLC.

A cheap place to get to and stay, with good weather and plenty to do, especially for spouses/family that may be less interested in real estate. 

Some things that went wrong were rather unpredictable, like an improperly buried wire for a sewer pump that the ground and hot wires began touching throwing the breaker.

When a tenant realizes they will have to pay late fees plus the lawyers bill (which is never cheap) they will straighten up quickly. 4.