Other than unpredictable HOA fees, your unit will be in direct competition with tens of 1000's of hotel rooms.

And I'm concentrating on Lake County as I'm familiar with the area some and have ties to the Navy base which may provide a competitive edge.

It's an amenity - you're not trying to be price competitive with the laundromat. 

HMLs enable quick acquisition leverage which is essential in competitive markets, and offer flexible qualification criteria, focusing on the property's potential. 

Michael-  I have thought about putting together a competition version of Costar.  

It is a competitive business and you have to really love hospitality (in my opinion) to get into STR, passive or not. 

To combat this problem, a great management company who will have your back and navigate the ebb and flow of the ever changing climate of these rental sites is essential.Regardless of industry, when one or two of the providers consolidate power and foreclose all competition, this type of behavior inevitably follows. 

It's all about KYC.And no, it's not only in the US go check out global means of playing with currency you'll get ****ed harder.

We lag the market's highs and lows, just plodding along with consistent returns.)I have agree with the author that Toledo real estate is priced very competitively nationally and our rental returns exceed the 1% rule frequently.

good part is we have no competition lolI'll beat their number once I make my bay area flip has DSCR 1.54x lol