I did a deep analysis on over 100 rental property opportunities.

Get a deep understanding of what the income and expense for the properties are and try to identify future capital expenditures that might need to be reserved for.

This only takes 5 min a day, and is super fun to nerd out and do a few deep dives when I get really curious. 

In my mind sponsors of these deals need to have some deep experience were as the last 3 to 5 years rising tides raised all boats.. like you said what happens in a hiccup.

Hi All - Looking for my next investment move and considering diving into the short-term rental market.

There are a couple really good FB groups that dive into SEO for our space, DM me and I can shoot you the links. 2) The rest outsource it.

If you haven't done so already, do a deep dive into what 1BR vs 2BR rents are for properties of a similar size, in the same neighborhood, and with similar interior finishes to yours, and this will help better inform whether or not the investment makes financial sense.Investment Horizon. 

If you want to be completely certain, then you can dive into the zoning regulations and make sure there isn't a maximum amount of un related individuals living in one residence or specific bans on ADUs without enough lot size.I hope some of this helps!

Pick a market drill deep into that market, learn the market and success will follow.

@Michael Oliver you may want to read about the Good, Bad & Ugly of Detroit in our "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseDoubt you'll find this much info for any other market in the country.