We ended up having to dig up parts of the front yard to replace the main water line that connected to the city water supply to the home.

It's a combo of low housing supply, higher interest rates vs. seller expectation, and a poor economic outlook for the country.As an investor with a few rentals it's like like the parking brake is stuck on.

The renovation shows on TV reinforce that. 

As Mitch pointed to, on one hand, STRs are housing supply locally and will likely get looked at. 

IE the flipping shows that used to be on TV and then you had the big mentor programs teaching it  ALA Montalongo  Vertucci  etc.  

Just remember that $70 is the gross number they charge , they have to buy supplies , insurance , tools , vehicle , gas , workmans comp etc . 

Licensed with permits ~$4,000.Full replacement of all water supply lines and shutoffs from the interior water meter with PEX and an open basement.  1 kitchen 1 bath 1 laundry. 

Smart TV with Guest mode.

Just be the absolute best host you can be for the first year -- communicate clearly and quickly, make sure cleaning is top-notch, make sure all amenities work (hot tub is hot, TV remotes have batteries, etc. etc.)

Eventually, the supply of essentially free house and/or suckers runs out, or law enforcement catches on, or some combination of those factors.