They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.

With the exception of some small markets in the Southeast, places like Cleveland are the only major metro areas where a regular investor can find cash-flowing assets with a mix of appreciation. 

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

Quote from @Ryan Brown: Good morning,I have a section 8 Tenant that is blasting music from  the evening hours of 6pm to 3am on a regular basis.

The justification for eminent domain would be the cost of defending the current set up, health costs and environmental cleanup costs. 

Attend events regularly, stay engaged in conversations, and keep learning through books and podcasts.

These logs regularly end up in the Tax Court and are usually destroyed upon review.

But tell them what you are doing precisely - vacation rentals, not regular rentals.

They have to take it out within 10 years, add it to their regular income, and pay taxes at the highest bracket in their life.

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients.