But there are many more investors chasing every deal that's out there, repair costs are much higher, taxes are much higher, insurance is much higher, regulations are starting to become a bigger issue, and of course interest rates are an issue. 

To make an informed decision, consider these essential steps:Seek out a Certified Cost Segregation ProfessionalConsider their experience with tangible property regulations.

Sarasota County has enacted regulations on STR so I have friends dumping those (you can do 30-day stay) and repurposing the money.

Study the state landlord tenant regulations and see what options you have.

That is a good quote price-wise with the cost of equipment. in January New regulations will kick in.

Increased regulations lead to lower housing supply.

You can increase income by short-term rentals depending on the regulations and profitability of the area.My wife and I renovated our duplex to make it more appealing to short term renters.

They focus strictly on price, and not the other 100 things that could influence their actual out of pocket costs.

@Emory ClaytonSounds really fishy.Those applicants are a pass for me if it is happening on my rental.On my LTRs ,i strictly donot lease anything less than 12 months.

The problem is with the high building regulations and high cost of construction, it is mathematically impossible to build "affordable" housing.