No one can answer questions like this because the strategy depends on the investor's level of interest, financial framework, location, and many other factors.

In addition, if they withhold rent, it has to be placed with the registry of the court where the property is located.

I'd imagine that it is quite location specific as well, so I'd suggest poking around a bit on HipCamp as if you were a camper, and see what's around you. 

@Scott ChampionRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

So, I'm not sure where your condo is located, but STR over a LTR always yields more income.

I'm curious though where I could possibility list MTR's and find the best location for it.

You can exchange 1 property into multiple properties in locations and any asset class (farm, office, single family, multifamily). 

I'm not sure of your location.

But at the end of the day, well located properties in which the owner has ample liquidity to ride out long-term cash flow negative periods, rarely lose money.  

If you have the right location (in town or by the beach) and provide an above average property, you can do well.