Hi everyone,I’m a novice investor currently managing one short-term rental (STR) that’s been performing well.

The barrier to entry is lower so they seem attractive, and to the person who knows what they are doing, they can be very profitable.

A word of caution - this is a short term solution to mitigate the credit card load.

I run a facebook group on MTR"s with 3.5k people and many have had the same experience. it's not to say you can't find success on FF but the demographic of who you're trying to attract might not be on that platform. 

The market does slow down from November to January and we are looking for ways to attract more guests over the holidays.

Long story short, I felt I wasted money, and gave up on the course entirely a month after purchasing.

While the Fed looks to continue their trajectory of cutting short term rates, I suspect the mid and long points of the yield curve (particularly the 10 year, which is what most mortgages go off of) will stay elevated. 10 Yr treasury today is 4.4%, but if it goes up to 5% or 6%, your mortgage will likely be in the 8% or higher level, which then hits CF even more.  

Quote from @Josh Holley: Long story short - James Wise has an awful reputation here in the Cleveland area, but I have bought properties from him before I proceeded with another.

I'm also in Eugene and have (or have done) flips, long- and short-term rentals, and multifamily.

Yes- I had the tenant sign a short term lease.