Also you will need to factor in supply and demand.

We have currently only one month worth of supply, which means that sellers don't have to give any sort of discount for condition.

I am hoping things to change this year with few strategies.Poconos STR market has too much supply in comparison to demand.

The impact of these proposed regulations on future housing supply and quality.Innovative solutions to contribute positively to the affordable housing crisis.Your insights are valuable!

A few years ago this seemed like such a good method, but with rates, prices, and supply where they are currently, I am not sure we can afford it or if this is our best option.

Do your home work ,pull comps look like at rentals like yours what are they getting is there a glut or a short supply of rentals like yours in your area ?

Check with your insurance company about supplying bikes. 

Keep good records of the work performed, the contractor’s information, and copies of any permits pulled; you’ll be required to supply that disclosure after that date.https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...

There are some who will not own a car (it is possible), but a large majority will have cars and more than one per unit without parking supplied by the builders.  

I'm in the Reno / Tahoe market and there are STR and MTRs that can still cash flow but the appreciation in the area is going to be strong based on the limited supply of buildable area and the tech jobs moving to the area.