There is very poor response for the rental and many of the homes are lying around for rental for 2+ months.

But the 5% that go to foreclosure are often homes in very poor condition or sometimes worthless strips of vacant land. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Even a poor score isn't an automatic disqualify for me.

Also, you must familiarize yourself with local laws and regulations regarding STRs to avoid purchasing in areas that are not STR-friendly, which could save you from legal headaches and poor investment choices.Another critical strategy is staging your home to appeal to your target guests.

Managing contractors and verifying quality of work/timelines can kill a deal.

In some countries, property rights are poorly enforced or even arbitrary.

Speaking generally, those lower cap rate markets are also higher quality, better tenants and more passive.

Too many operators are VERY poor at communicating and many more compound poor communication by thinking that if they don't share bad information, the bad stuff won't come. 

Are their listings detailed with good-quality photos?