This only means, learn a lot more and make a lot more connections before even thinking about it or you will get caught in a non-productive funnel that doesn't work.You should be looking OOS for a place you have a competitive advantage.

Both are terrible advice for MTRs as this space is becoming hyper competitive in most markets and the bar has been raised significantly by STR owners pivoting to the MTR space.

But remember that you have to furnish the whole place to the tee to crush it on STR in the Austin area, there is a lot of competition.

You leverage asset hunting with your own competitive advantage.

With high competition in the Lehigh Valley, I'm considering branching out a bit. 

But, the competition will have all this.

Schools: Midlothian is ranked high Average 8/7- competitive | Toano- 6Cost of living the same. 

takes me out of contention with a lot of properties.Are most owners absorbing part of the cleaner's cost to remain competitive during down-rate periods?

Which means there was little to no competition for it.

One of my favorite programs offers a rate floor down to 7.50% right now, but their par rates are more competitive (i.e. without a buydown).