Take a year, travel to the area a few times and get to know the market.  

Of course, if you are confident in the appreciation, seems ok to me. 

While I do tell people they should have travel insurance, especially planning a trip to SWFL during hurricane season, I also try to be understanding under special circumstances.  

We're diligently preparing these lots, anticipating a market rebound.Navigating through this unusual market has been tough, but I am confident that the experience and perseverance will pay dividends in the long run

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

Hi there, when my family and I travel, we simultaneously use that trip to look at potential investment properties.

No penalty to let project die slow death and collect salary, travel and advertising money from it.This is data, everyone should make their own data driven decision based on it.

Remind them that sound does travel between the units, so if they are on a late night phone call with their friends, to perhaps not sit in the room directly under the upstairs bedrooms.

Mold spores travel through the air you know and im scared to bring any of my things to another apartment.  

And, importantly, fear around my ability to confidently show the Seller that the deal I am proposing is one that CAN help solve their challenge or problem (once I find out what that is!).