Time with family, health, career, hobbies will take resources to put into investing.

I will say though we kind of built the right product for this market cycle.. big single levels with 3 car garages catering to the empty nester and down sizer we get buyers coming in off their small oregon hobby farm .. our first time move up buyer did slow a ton but we have sold to families as well just not like it was pre interest rate spike.. our other folks are either paying cash or borrowing very little so interest rates are not affecting them.

Exactly what my customer needed for his hobby room, but I don’t see them making money as a rental.  

Some people treat their STR like a hobby and others treat it like a business.You don’t know the numbers are based on if owners use it 3 months a year themselves, or manage it themselves and have STR knowledge or farm it out to a competent or incompetent property manager.In one area I invest in, the biggest players are all large direct booking sites with hundreds of properties so their revenue doesn’t show up on airDNA, etc.Use conservative numbers and understand your skills in terms of getting a property to be unique, marketing, listing management, etc. or the competency of the PMs you are interviewing.Good luck!

And it may wipe out a lot of hobby agents, which is a good thing.

Start to get clear on where you think a great place for you would be, considering job prospects, life, hobbies, weather.

Plus as you grow you have all your old data and you have the systems in place from the start.The only way I'd suggest using no property management software and just using excel or whatever to track rent income is if you just had a few single family homes or something as a hobby.

Your landlord sounds like a flake, a self-managing hobby landlord who hasn't realized he shouldn't be self-managing if he can't shut his stupid hole when the chips are down and not make empty threats.

Overall, everyones experience is different and I certainly wouldn't deter anyone from doing anything as long as they do their research and due diligence and don't treat it like a hobby or a "passive" opportunity.

Does your 'hobby farm' have to be in Idaho, or are you open to other states?