:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Housing starts were far below historical averages, creeped up in 2020-21, only to fall again.

Historically the NAR has been opposed to the negotiation of RE commissions or flat fee services. 

The form itself has a column for Fair Rental Days and another column for Personal Use days next to each property.This article, albeit dated, takes you through some of the historical reporting issues surrounding the situation you described:https://www.thetaxadviser.com/issues/2012/may/hagy-banner-may2012.html

I am involved with quite a few mix-use and multi-family projects where historically bank originated construction to permanent financing was used.

My partner Michael and I recently purchased a duplex in a historical neighborhood in Newport, KY.

Historic appreciation across the U.S. is in the 4% and if you believe the 1% and 50% rules, you would get 6% return from rents. 

Keep the beautiful images of your STR up and looking charming, set up your own free website with videos, photos of activities in the area, lists of restaurants, hiking, historic whatever.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It’s not cutting it.Average income earners ($75k-150k): House-hack, save up down payments, rehab, etc.High income earners ($150k+): Just park low down payments everywhere you can while young, in break even or cash flow deals, while interest rates are historically low.