While I agree that the purchase is an important part of the process, if you buy based on price and not on the STR aspect of the deal, it could fail.You might get the best damn deal on a property in an area that makes a terrible STR thus it isn't a deal at all.

Have you ever seen rents actually go lower (I'd assume this would only happen if occupancy dropped significantly, but that seems like something that could happen in a recession).Also a BAM specific question/concern - from what I understand they are based in Indiana, and I see in their current open offering one of the properties is in Indiana (great) but I'm wondering why the other property is in Arkansas? 

I'm a CT based investor, flipper and property management company owner.  

The posters opinion is based on their experience, my opinion is based on mine.  

Quote from @Robin Cloud: It's hard to make a decision based on this.

As an example, last year we saw markets with 9% rent growth, and some with -5% rent growth -- so there is a large variance and I expect that to continue based mostly on supply dynamics as Scott said.

They are based out of the Smokies, but will ship nation wide.

We learned a lot about project based Section8 buildings, but are now actively pursing more projects like this.

This of course is all based on who your market is. 

That's fun - two first time posters singing the praises of this program One of which, Nick, works for the company based on his LinkedIn profile.