The seller couldnt supply us with this so we gave up and dropped out of the deal during due diligence.

the "regulars" who have their turf battles (or hmmm, ya think anyone might ever cut any backroom deals on who goes after what?

@Nancy Bender there are currently 16 active listing in Margaritaville and the supply of listings is almost always higher than other similar nearby resorts. 10 of those 16 have been listed for 60 days or more. 

I am wondering if anyone has any insight on which areas of Memphis to avoid and if it has been saturated as looking online it appears there are a TON of rentals up for grabs and wondering if that is due to rental numbers going down or if it is just a larger city that has more supply.

That will help keep thing square with the guests.Remember that you need to do a full background check etc etc with a regular full lease for the time they are there.

Do you regularly work with cash buyers on off market deals?

More supply could hit the market, for example, or cap rates could expand fast and leave the developer trying to figure out how to rent and hold the units.

It usually bottoms out around January each year.Months of supply for all dwelling types in the GNO area is at 5.7 which is the highest it has been since about 2014.

I would be mad.Just get a charcoal grill and let the guests supply their own charcoal.

And STR is much more involved with high turnover rates so you’ll not only need to post the listing but know how to keep it competitive so that you maximize bookings, of course, furnishing it, keeping supplies, restocked, cleaning, maintenance, And what about consideration to any local STR rules and regulations?