If you're able to get tenants paying over market rents, you can also gain a lot of interest because of the heavy cash-flow. 

If you are a long term buy/hold investor that's wanting to invest passively this is a great deal in today's market.

Once you gain that experience, it may become more efficient to delegate the task rather than managing it on your own.

For the seller (John) to defer capital gains via a 1031 exchange, the sale proceeds must be reinvested into like-kind property within 180 days.

@Chris Grenzig  The chart on Wikipedia is interesting, its showing the population gains/losses from 2020 to 2023. 

STRs are a great way to fast track that passive income!

Constantly juggling guest messages, cleaning schedules, and last-minute bookings can turn the dream of passive income into a daily grind.But with the right automation tools, STR management can be not only hands-off but also more profitable.

@Sydny Scarborough I passively invested as an LP is around 20 deals before first becoming a GP.

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?

From time to time I will hear of people who utilize it well and gain business from it.