If rates decrease significantly in the next 1-4 years (and there is no significant increase in supply), prices will increase. 

A "quick math" AirBNB analysis would have me just under breaking even on the mortgage after accounting for management, AirBNB fees, CapEx, vacancy, routine repairs and about 10% set aside for other STR related supplies.

Make sure to look into supply, insurance, taxes, etc. if you invest there.

So it looks like if your shopping at a multiplier of median home prices, yup, that inventory is finally not below the threshold for shortage.... by 0.2mnths supply....

Demand is greater than supply.

Do you supply tenants with air filters?

Exterior/Interior Paint, fixtures, etc.These buildings were constructed in the 1960s with steel pipes and much of the plumbing has been replaced as needed including new supply lines in the ground and new sewer pipes under the slabs.Ongoing maintenance costs have been pretty consistently high on this project, but the rise in rent over the holding time has been a saving grace.

While you can supply important information to the appraiser, such as recent improvements or distinguishing features, they must ultimately provide an impartial market valuation.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Make sure to look into supply, insurance, taxes, etc. if you invest there.