I also rent in NYC which heavily favors tenants so my risk is two fold. 

Short-term rentals tend to do better with cash flow, which is increasingly difficult in a saturated, heavily regulated market.

Columbus, Ohio, is leading the growth with so many national businesses and tech companies investing heavily in our city. 

The area wasn’t heavily affected... but a tree on the property was uprooted and unfortunately knocked down part of the home (roof and foundation were affected). 

But if you are listing on Airbnb and/or VRBO, they are going to comprise 95% or more of your reservations, even if you invest heavily in your own marketing.  

Currently doing probates, D4D, tax delinquents, and absentee owners but starting to notice some of these are heavily saturated with other callers. 

I document heavily with photos before they occupy, I take photos during every walk-through inspection, and I document what condition they leave it in at move-out. 

After receiving all these valuable inputs from this post we are heavily considering finding a new PM (open to suggestions). 

I was heavily involved in the renovation and am relatively familiar with the construction side.Our plan is to hold this property for long term and then wait for a couple of years to add more to the portfolio. 

As with any investment PML does carry risk, so investors must weigh their own personal goals and risk appetites against the returns.Long term (after that career of investing you mentioned) I see myself going more heavily into the PML/ LP route.