Not to say every off market transaction is a bad deal, or to imply that every listed property has realistic pricing expectations, but there is more motivation to move a property that is listed.  

My better half actually advised me from the get-go to let it go (I have a t-shirt which says "Let that shitake go!").

As a remote CPA, I believe that clients' expectations can be exceeded regardless of their location. 

But unless you are a market expert and know exactly where the neighborhood cut off, and what a tenant in that area would expect etc, then you'll likely have a hard time without an agent or local rep of some kind.  

You can expect to pay $150 - $300 per square foot, which is what it would cost to build an ordinary home.

Initially, some properties hit the market with inflated prices, driven by optimistic expectations or speculative market conditions.

@Tanner Sortillo Recommend they first figure out the property Class they 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.

And to address something earlier - siblings talk regularly, know the funds are limited and all expect a $0 inheritence.

@Desstani R.Recommend you first figure out the property Class you want 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.

The STR guest doesn't expect to earn anything beyond their regular pay during their vacation.