@Dave VonaI understand your disclaimers as to your process (only looking at IRR)… but isolating one factor really does you a disservice as to how to invest. 

Each property would be isolated from each other in the event of a lawsuit (assuming you run them properly). 

They key to isolating micro markets is knowing the cash on cash return per micro market, that way you know when you are beating the micro market, and hopefully beating the general market.  

So at that time I've only gained $10k in principal but my net increases from $12,800/yr to $32k/yr and I solely own the property until retirement. 

Would love to hear from other pros.For California investors with out-of-state properties, common asset protection strategies include using separate LLCs per property for liability isolation, though this incurs California's $800 franchise fee per LLC and administrative overhead. 

@Adam Rego If your intent it to isolate personal assets from liability, the first place to start is a strong E&O policy. 

Or I'd find cities near major metros(outskirts) where it's primarily residential living but you'd be the isolated STR--- you truly never know what demand is there like.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.

I’m curious if these are isolated trends or part of a larger pattern.Looking forward to hearing your insights and experiences.

Moreover, we washing our hands, staying away from the mall and other large congregations of people but not isolating ourselves.I wish you all the best of luck!