But how would one find reliable contractors to do the repairs etc?

You get the more reliable LTR revenue that could support the building costs and the STR revenue to boost profits.

As an LP in a syndication with two (let's call them) identical offerings in terms of asset type, business plan, submarket, asset size, projected returns, fees, waterfall, etc.  

Our median home price in May 2024 is nearly identical to May 2021 and May 2023.

They provide you a great, reliable service (where services are not skipped or halfway completed) for a good price that is fair to the both of you. 

@Alexandra Reeves, in my experience, tape measure or laser measure is about the only reliable measuring device.  

The last rental I posted, I had a woman apply and found out she had stolen someone’s identity when I was working through the background.  

Will you need a generator backup if there isn't reliable power there? 

You'll need reliable local contacts, such as a cleaning crew and maintenance professionals, who can handle on-the-ground tasks.

Regular long term rent: $750Airbnb ( only opened 2 months ago) : earning about $2800 on a not peak season. looks like it may hit the 4000 mark in April/May peak season....It is no more than 5 hours of work per week if you do it efficiently and find a reliable cleaning crew.