If you want to know what to expect, then expect the unexpected.

And, if it doesn't sell in 7 days, the agent will tell you that it's the fault of the property or your unrealistic price expectations.

•Rental Rates: What can I realistically expect in terms of nightly or monthly rates for short-term rentals?

I expect that we will experience another period of extremely low interest rates due to Govt intervention in economic crisis to prop rates. 

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

The area has lots of growth and is expected to appreciate substantially over the next ~ 5 years, at which point I plan to sell to capitalize on that appreciation.

So far I have gotten the quarterly cash flow as expected, the fund value is kind of plateau'd in 2024 so have not seen major gains or loses in the fund.

If you are new and want to go about if on your own, and your Uncle or Brother or Friend is not your GC, expect what's called in business "Bad Debt Expense" which means essentially that you need to lose money until you learn how it's done and get proper ppl in place.Good Luck. 

@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.

Why would you expect a price reduction when there is no impact to value from having a lease or not?