Moreover, office spaces often face more competition, especially with the rise of remote work and changing demand in the market.On a personal level, I prefer industrial real estate for several reasons.

And your competition will be a bunch of identical units...your pricing will always have a ceiling.

Since our book, MTRs exploded and got very competitive in some markets.

Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.

They are thier competition and I know the owners.

but I do know that the land used for energy development is not in the same competition with endangered and threatened species as the desirable land in CA. 

I agree with Collin.The Smokies do have a lot of competition, so you need to have a view, decent location, good to great amenities etc to stand out.We have a 6-bedroom cabin there, but I imagine a 3 to 4 bedroom would be in the sweet spot of not too big or not too small.

Naturally, they are your competition and the daily rates need to be taken into account.

I know of a lender around 7.3%, but curious what everyone else is seeing.Keep in mind, we're talking DSCR, not conventional.Local commercial banks are usually most competitive for this space.

However, the market is competitive, and rental regulations are becoming stricter.