Notice how they presume they are going to buy the asset at a substantial discount from the lender.  

Can Real Estate Really Be Purchased “At A Discount” ?

From what I've been reading, cap rate is not a reliable metric for STRs.

Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused.

And management is a LOT more intense, just turnover rates alone!

There are accountants who say that applies to the opportunity to discount sale and/or basis shift to further lower the tax bill.  

My question is should I just suck it up until April, or should I drop my rent rates now to get renters.

They are not cheap by any means (expect double digit interest rates) but they are available. 

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

In other news, it may be tempting to purchase a waterfront property at a deep discount along the Western Coast but beware, you might get flooded in the next hurricane unless you want to do a teardwon and build on stilts.