And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end. 

What about the security deposit? 

If they are from LCOL locations they cannot fathom that such small units have such high value and expect a lot more than 600’ to 700’ for the price they pay.host and guests both benefit by having multiple OTA platforms and the resulting competition. best wishes

I’m not located too far from you - I also own an investment property in Southern NJ.

@Federico Dallo you mentioning vacation-type locations leads me to guess that you may want to use the property yourself occassionlly?

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

The lender lent based on them being one thing which secures the debt.

Is this location within their sphere of competency or ability to low cost manage?

Cannot tell location or amenities, etc.

If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).