Maybe you are better off renting for now while focusing on increasing earnings, saving, and developing a plan.

I think that it's so they can increase their fees charged to guests. 

There's no good "ballpark" figure, you have to know the amount of stays, cleaning fees, some add in pet fees and other things that can increase revenue.

Go where your income to cost of living is the greatest ratio, hands down.A good portion of my borrowers buy out of state and use property management to deal with the properties.If your in college you've gotta increase your ACTIVE income, before you get passive income.

I own a rental in Ohio and would like to increase my investment (purchase another one or maybe two). 

Lease renewals have a strict deadline. if you miss the deadline and fail to request a rent increase, then you will need to wait until the following year. 

Will this cause more short-term rental owners to sell out on top of the noticeable increase we have seen this year because of the triple whammy?

I have found that making property improvements does more to increase the rental pool than lowering standards. post a picture of the kitchen.

@Kyle ReynoldsThe decision to rent or sell a Sacramento home is influenced by factors such as projected rent, negative cash flow, and potential appreciation potential.

So I think one thing you might need to add to your calculations is the projected value of the house over time and any anticipated rent increases.