However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

At the end of seven years, the interest and principal is paid back and I have effectively manufactured $60,000+ in cash. 

Yesterday I toured Anna Maria to help a couple of my clients that experienced the effects of the surge.

Pricelabs Market Dashboard is a great tool to see rents and find MTR comps on Airbnb quickly

This probably has to do with the new rules that went into effect after the NAR Settlement that went into effect this summer.  

Could you share what tools your team uses to gather the data?

I believe there’s always a deal to be made but one must have the necessary tools and most of the time those tools are Individuals with Experience.

Thoroughly analyze deals using tools like BiggerPockets Rental Property Calculator to ensure property cash flows align with your goals.

You would need to choose between what is more important.... owning the listing or owning a STR that is dominating the market it's located in, by maximizing the tools available to manage the property.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.