I’m curious what methods some of you are using to secure profitable short-term rentals with the inflated market values we are seeing today. 

Currently, I'm in the Sacramento area and the real-estate  market seems quite inflated.

The caveat about investing right now is that that current prices really, really high compared to historic values (look at the inflation-adjusted Case-Schiller index).  

Plus, inflation is through the roof and I don't have a place to put my money for it to retain its value.Here are the numbers:Purchase price- 370kMonthly Taxes- $297.42Monthly Insurance- $83.33Water- $48Common Electric-$35Sewer-$156.59Trash-$103.6Cap Ex 10%- $341Repairs 10%- $341Vacancy 5%-$170.5tenants pay their own gas and electric4% loan w/ 10% down payment $1728.54(I originally calculated the loan like this because that's what I could afford before trying to go the FHA route.

Contractor still wants your business and agrees to original contract (often to his detriment) Supply chain issues + inflation = a bad deal for sub contractor. 

And then there are people like @Rick Albert that say even if you buy an inflated property you'll still be ahead if you hold long enough.

I included a rough not not accurate number for principal paydown and did not include depreciation tax credit nor inflation, but I always use projections on the low side and my properties always exceed my projections and expectations.Send numbers for some of the properties you looked at even in the past and lets see if you made some mistakes by not buying some of them.

They do not collect security deposits, have terrible communication, and do not raise rents with inflation.

But only with the same percentace as the inflation rise is during the month you raise the rent. 

I live in Salt Lake City, Utah and as most know the market here is among the most inflated across the country.