The pool of STR's and possible STR's is shrinking as the city continues to maintain their current zoning criteria. 

I wish I was one of them.As risk premium shrinks, real estate becomes "riskier" and returns drop.  

Between state tax, occupancy tax, and the price to entry- the profit shrinks.

In other words - most all real estate will appreciate over time, but how much time are YOU able to wait for that appreciation, if you happened to buy a relatively high price property at the top of the market, in a time with high demand and low inventory, in an area of a shrinking population you may be waiting a while (many years) for it to get back to even ...hopefully.

As I have combing through potential deals and analysis, I have found that a combination of lack of cashflow, high property taxes, shrinking population and virtually nothing to attract potential tenants in much of the state is making out-of-state investing seem like a much better bet to a smaller, beginner investor looking to keep costs low and scale gradually through buy and hold. 

With 5% to 7% returns public interest (the outer shell of the BP comunity) might shrink again over the next years.

I'm just getting going, but things that keep me taking smaller steps are 1) BP podcast 2) friends who are in real estate and 3) goals, and 4) the impending sense of our life savings shrinking into nothing because of inflation. 2022 is my year to take action!

If you are close to retire and you have a conservative portfolio that does not yield 7% this year, your nest egg is shrinking!

Great deals are hard to find and the ROI has been shrinking as prices rise.

To clarify, here’s what I meant: STR has 2 main enemies:1) hotels bc we are their competition2) LTR renters bc we shrink their supply of housing which increases their rental ratesIf you invest in places like Pigeon Forge or Outer Banks that don’t really have many hotels & don’t have many LTR renters, you should be relatively safe bc there’s no one battling you.