Typically, I am able to purchase those properties at a discounted price and walk in with built in equity.

With debt coverage on a property at 1.8 - 2.2 range, even if the economy takes a huge downturn you can discount rents by 30-40% and still be cash flow positive.  

Guest booking more than 14 days: 30 day minimum stay (45% discount to book 30 days or more)Guest booking 14 days or fewer: 1 day minimum stayThis books our midterm stays first then fills in gaps with short term stays.

I do know they *typically* carry a higher risk profile, given their higher return potential (after all, you're usually and hopefully buying at a discount).

I kept reading some apt is operating with DSCR 0.61x ; I bet there're professional buyer in line willing to buy those asset with large discount LOL

I was getting multiple offers to sell my holdings at a deep discount.

Finally, I use the monthly % discount to then make the OTA payout  equal to my direct booking payout.

So if we do have a small crash or large correction across enough markets, and rates came down to 4-5%, the people who are selling now at the discounts you are referring to will seem foolish as the valuations stabilize/rebound. 

For anyone who's serious about getting into multifamily, I'm selling my discounted ticket to Veena Jetti's Masterclass!

We can request a discount on the listing fee and it will be most likely 1-3% and you will still need to pay the buyers agent fee.