Would love to compete with it. 

If it's below average, I would discontinue the lease when it's up and then do a renovation then put it on the market for market rate. 

waiit so how are they scammers, they locking it up legally I didn't say they were scammers, I said some people look at them that way.

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

Educate yourself with resources like The House Hacking Strategy and practice analyzing deals using tools like BiggerPockets calculators.

Redlining IMO would only be an issue if @Jimmy O'Connor said to stay away or refuse to do business somewhere; he did not do that, he just pointed out property characteristics.

It’s quite appealing as a long term investment - even at today’s rates.

The STR model is a different model and where it is at in it's business cycle, the average STR owner is not doing well.

NO for sure IF you are doing your first deal then 75 25 is totally appropriate in my mind. 

If I can't do that, I don't buy it.