The one thing you can't change about a property is the location.

You're absolutely right—the location plays a significant role in determining the best style for a fence.

One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it. 

In the process, you will be covering the tab for some nice family vacations  for whomever you hire to set up this structure.....My advice to anyone who wants to spend on anything beyond an LLC in the state in which they live or where the property is located should first be able to articulate the following:1.

Location is key when it comes to STRs.

Where are these treehouse projects located?

@John Salcedo you may already know some of this, but a reminder doesn't hurt:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

You can use the website affordablehousing.com to see the estimated rent for that type of property and location, but it is just a rough estimate. 

Where are you I can recommend based on location.

How are you self managing your current portfolio given the properties are located in Kentucky and Florida?