There seems to be a common theme here, and I would have to echo that sentiment.  

I mostly agree with your sentiment.

Also, I heard REI’s echo your sentiment about not wanting to own in the ghetto; I’ve also heard the opposite.

Thank you guys for reinforcing my sentiments.

@Juan Pablo Murillo echoing @Wayne Brooks sentiments.

until we know the back ends of those deals we are left wondering what they were thinking when all along a 5 to 7% return to them means millions.. so in reality a hedge fund could drive rents down if they wanted to as well.. just to make sure they have the best tenants and their properties are full and they are still doing quite well. raise rents and really cash in.I agree to fully round out a portfolio investors should be thinking about upside movement of the value... the quote " appreciation is icing on the cake" while a nice sentiment is really I think a poor philosophy to follow... one needs to either force appreciation buy in an area were appreciation takes you for a nice ride,, or were rents can move up dramatically in a fairly short period of time those are the only ways in rentals one is going to make any kind of real money.Although what some would think is a reasonable return on investment and risk others would not be happy with...

Is it sentimental? 

I agree with the broad sentiment here.

I agree with the sentiment, just enough to cover if total loss.

Then we will contact real estate agents in the areas/regions we are interested in to dive deeper and (hopefully) get insider knowledge of local regulations/sentiments regarding short-term vacation rental properties, as well as using tools such as AirDNA.My current plan (albeit, naive/ignorant?)