The agent actually told me he read my answer, looked it up, and, as long as I send him my guest lists indicating less than 7 night stays, I win.

What I see is there are many people from abroad who just want to park money here vs their home country due to inflation or some other reason who are willing to take minimal returns in exchange for principal safety. 

No better indication that the market has reached the top and prices are downhill from here 

Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

The minimal $2,000 renovation budget presented a low-risk opportunity.

What are the most effective strategies for you, for identifying and analyzing undervalued properties in a competitive real estate market, and how can investors leverage these opportunities to maximize returns while minimizing risks?

With a purchase price of $200,000 and a sale price of $220,000, the property promised substantial returns with minimal risk.

Thanks @Hugh Carnaha,Well keep me posted on when and where your next pints/properties meetup is, not to put any pressure but the choice of where you get your pints could indicate the quality of the group (kidding, of course, too many good breweries in SGF).But please keep me posted, would love to get connected going into 2024.Thank you!

In my area right now, probably most homes in decent neighborhoods will not cash flow with minimal down payments. 

One month, the asset could crush it during the busy season; another month, you may have minimal bookings.