So you can understand the worry of the levy giving way and having a uncontrolled release.  

At this moment, getting into airbnb is a gamble for sure if you don't know the market, and theres a damn good chance that just traditional rental is the best path to really feel you can count on something till the pandemic passes. 

Personally I view SFR as more of a gamble so I do duplexes, tris, and quads.

Some say that real estate investing is like gambling as there is a risk reward element.

I wouldn't count on it, but consult an attorney and decide if you want to take the gamble for laying out court costs now to possibly get some money back down the road.It's kind of like a casino.

Very simple math.. you can't get 10% C on C on the coasts.. so they go looking other places.. because appreciation is gambling and cash flow is everything.. then sine they don't want to be left out of the game and they can get started with 20 to 30k in cash they go for the next best thing a mid west rental.. that's why this whole phenom works.I agree 100%, and beyond this, I've seen many long-distance, and even local buyers who shop only by "statistics", get royally screwed by believing the numbers they were given and ignoring the subjective data of their individual market to justify what they want when they can't find it elsewhere.

We both currently own homes in a rapidly gentrifying area of Philadelphia and we see first hand the negative impact that uncontrolled and irresponsible development has a long time tenants.

The Township then filled everything in with uncontrolled, uncompacted fill.

And a gamble.

Do not fall into the emotional trap of trying to outbid, this is a similar mechanism to the high of gambling. gambling does not produce good returns