They undoubtedly overpaid for the homes which were bought by the least savy homebuyers who have now got into trouble/overleveraged and need to cash by selling a portion of their equity in the first place, thus NADA's positions will likely fall faster than the overall market as they have this intrinsic flaw of no price discovery in their methodology. so either NADA makes out like a bandit by fleecing stupid Americans (not a unique business model) or NADA bought overpriced homes near the PEAK, since they just started business in late 2021, and they will incinerate your investment better than Cathie Wood, I'm getting my popcorn ready to watch this %&*@show   :)

The luxury and unique experiences are still getting booked. 

Yes, containers can be "cute and unique" for Airbnb, but as a functional living structure, a lot of work needs to be done.Mike

The only way I see you getting out of this is if you can rent by the room and increase earnings, but even that's a stretch. 

Its a unique industry were many of the agents dont need to make a lot of money or a living.

But every situation is unique I guess...

This demographic shift presents a unique opportunity for real estate investors to tap into a growing market that values flexibility and convenience.Strategic Advantages for Investors:Investing in mid-term rentals offers several advantages.

This would combine LTV, combine your cash-flow, and give you one mortgage payment for all properties within that portfolio. the benefit here is you'll likely see better rates, and you'll be able to leverage one properties good equity combined with another properties strong cash-flow.... but the down-side is if you want to take one out of that portfolio to sell or refi, "partial release" can be a challenge. also, most of these are not 30 year fixed, they're likely 5 year terms/ 7 year terms/ 10 year terms on a 30 year amortization... still stretches payments out, but you have to do something ab it again once the term expires. 

And during the stretch of the renovation, there will be times when firings or quitting will occur.

They may very well be wrong to bill you for this, but to claim they are crooked is a stretch...this is property management and insurance 101.