Is in there, but a great thing you can do now is get your "core 4" figured out - agent/lender/manager/contractor - obviously you can adjust this and do one of the pieces yourself (self-manage for example) or don't need a contractor if you do only turnkey etc but getting this nailed down early is key

I generated the list by combining Zillow's smooth, seasonally adjusted home value dataset (ZHVI) with their rent index (ZORI) for metro areas.

Yeah, various factors kept adjusting but for majority part it was the same sport. 2020, everything changed.

I’m also starting to wonder if my minimum requirements are too high for this area or if I should stick to them.Here’s what I currently require:Application: Everyone 18 or older must complete an application.Screening: Includes income and rental history verification.Background & Credit Check: Clear background and credit check required ($45 application fee).Income: Monthly income must be at least three times the rent (minimum $4,200 combined).Credit Score: Minimum credit score of 650.Eviction History: No prior evictions allowed.I’m considering adjusting these to a credit score of 600 and income of 2.5 times the rent.

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

If the interest rate is still a barrier, you could explore adjusting your deal structure or negotiating with the seller to see if there is any flexibility on the price or terms to make the deal more attractive for buyers.Overall, while the interest rate may make it more challenging, it’s not impossible to work through.

More than likely the asset will in a location where cap ex & management/operational costs are disproportionately higher and therefore your expense ratio will also have to be adjusted to a higher number.  

If there is not enough STRs in the market you are in then you have to adjust business practices.

However, if you bought it and managed it as a market rate apartment, your experience would be very different.My point is, I can control how fast a unit turns simply by adjusting my asking rents.