The appraised value is now around $690,000.Market rents were $1200 when I bought the property and my tenants will just now be paying that this October if that make sense.

If your material participation consists of mostly time to manage bookings, this may not make logical sense with a low number of stays. 

In the age of Uber and other disruptors the reason why 96% are sold by an agent is because it makes sense (end cents) - otherwise, there would be an app for that ;-)Here is the better question: how do you find a great agent?

Cashflowing $1,200 on a rental would be solid, but to do that you are going to need to generate cash from taking a HELOC or some other loan so it doesn't really make sense to me.

As someone else pointed out, it doesn’t have to be the greatest deal for it to still make sense!

Does that make sense?

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

I want to get a sense on how much work it takes to manage a STR.

After that then and only then make some goals based upon that because then you will have goals that make sense in light of what you are actually able and willing to do. 

Makes sense right?