Some people do believe that you cannot evict in winter.

Nationally, the levels of pre-existing home sales are back at 1995 levels mostly because of the interest rate conundrum, so I'm interested to know what's happening in your area that high rates are causing more people to sell?

Some people just are NOT cut out to be landlords.

That means there are sometimes you have to get people off the list who are not opening your emails, or buying anymore, and add people who were buying years ago stopped, and now are back in.

Many people I speak with initially gravitate towards the "cheaper" areas because "numbers are better." 

Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often. 

Oil prices remain a huge X factor, and housing prices (at least with respect to rents) are being held back by the most supply EVER being built and coming online here in 2024.

We do get people coming through for ETSU and Milligan graduations, temporary stays for the VA, and some tourism in the summer and fall but you're not going to stay heavily booked. 

So it may end up costing you $400k within 30-60 days without any financing options.How do people overcome this when you do your due diligence?

Interestingly, though, people who have experience with STRs seem more likely to pivot to the MTR strategy once they realize how much easier it is and how well the renters treat their units.