Keep in mind, I’m based in the Binghamton, NY area, which is more of a cash flow market with slower appreciation compared to other areas.

I understand that appreciation certainly helps an individual build equity, but I also am attracted to consistent cash-flow with a steady (albeit possibly slower) appreciation growth. 

@Reeti PeshawariaThis is a bit tricky to do since STR regulations are an emerging political topic so regulations are consistently shifting.

Looking to invest with Praxis, but wanting to compare their current offering with a couple more. 

Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.

I’ve noticed property owners who bought 7 years ago in these prime Denver spots often saw their values climb nicely, especially if they managed to keep consistent bookings.

When you researched markets like Austin las Vegas Miami, those markets have higher land cost and are more cyclical in nature tend to have larger price swings compared to regions with lower land costs.

Which then in turn consistently having 5 star reviews can increase your nightly rate.

Also would love answer to the following: - Are there any specific challenges or advantages you experienced compared to a JV structure?

For your $2M property, a cost segregation study estimates $316K in first-year depreciation (compared to $28K with standard straight-line), potentially saving ~$117K in taxes at a 37% rate.