It was a short notice showing and the place was immaculate even though they obviously had two little kids.List price: 315,000Comp: 310,000-340,000Current rent: 1,800 (expires April)Comp rent: 2,000-2,300Rehab: $1000+turnover costs?

I am wondering if anyone has experience in the short term rental market in the area being too saturated?

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

Some response bias occurs because I typically only hear from the people who are not doing well and want to sell shortly after buying.

I have never owned a home before but I’m considering buying a place here, living in it while I’m here, then short term renting it and using it as a vacation property when I move back to Canada. 

It's been used as a short term rental for the last 3-4 years and the numbers are really strong for what we were able to get it under contract for.

Additionally, subdividing could impact your tax situation, so it would be wise to consult with a tax advisor to understand any changes.Overall, both paying off the loan and subdividing could be beneficial moves, but make sure to weigh the short-term costs and consider your long-term goals.

The 100/150-hour rules you’ve seen are likely referring to material participation, which is necessary for short-term rentals (STRs) to be treated as non-passive income.

Do you also provide umbrella insurance for short term rentals?

If this happens again with the most recent report, it could indeed alter market expectations for the Fed's mid-term trajectory, potentially putting aggressive rate cuts back on the table.In the short term, though, the market reacts strongly to the initial data, and the Fed remains in a "higher for longer" stance regarding rates.