STR inventory in Pensacola exploded between 2020- and now which has driven down occupancy per unit and in some cases rates. 

HOWEVER, there are certain areas that are dealing with different layers, like.. massive migration to the Southeast Region of the US, which means tourist areas near those areas (beaches and mountains) are still exploding and breaking records for STR market cap (money spent by guests on rentals).

The syndication market exploded during a very unique time period that ended about 2 years ago.

Or if the market explodes.

I have been looking in the midwest like Kansas City, Indiana, but have also considered some of the areas in Florida that have not completely exploded yet.

I know in florida that sector is exploding and we will no doubt overbuild it just like we do apartments in every cycle

Has anyone dealt with a small area that's about to explode like this? 

I expect heads may be exploding when they read he has 25 paid off properties with dead equity but I like it.  

We did a a crazy episode with the owner of the building that exploded two years ago in Austin.  

Supply exploded in STR since covid.