If the real estate market crashes you lose your job and your wealth.

That's a lot of potential future guests.Also, there are a LOT of potential owners waiting to buy a STR as the market softens a little that will swoop in & buy & prevent a crash.

A crash will not happen due to inventory(local-regional factors at play), but you're pricing for general correction upon the eve of the slow and doomy Q4.

Will it crash, I do not think so, but I do not see gains, especially in lower priced markets.4.

Based on the last 4 housing crashes I've survived (and lived to talk about), we are teetering on the brink of a major downturn in many geographic areas.  

The floor/ceiling separation won't do any good if the walls supporting it burn and crash.

Regarding the the 2008 crash.

Unsurprisingly, because they drank their own Kool-Aid, the club collapsed under the 2008 RE crash.

If I crash into your car with my car, and you sue me, I know why you are doing that. 

Prior to the Great Crash of 2008, most investors looked at & analyzed 100 properties, to make 10 lowball offers (so the property cashflowed) to hopefully get one accepted.Not many investors want to work that hard today.They'd rather invest in high-risk Class C properties and take their chances, as opposed to doing the hard work mentioned above!