Now I’m sure BP has all the data and statistics to so h the know better than me what people like and want to hear.

The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

That puts any of their data sets into serious question.

You can see this in the graph below:The graph also shows that DOM is worst in 2024 than any of the previous 6 years:(So, you are not alone in experiencing this.Now, just don't take this as a pass to not try harder to find your own solution for this problem:)Thanks for the data.

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

Unfortunately, unless you see the underlying financials as well as supporting data for those financials, you do not know whether there actually was cash from operations to pay your distribution or not. 

I own a LTR in central Houston that I think would be pretty successful as an STR based on the AirDNA data.

Hard to say if it’s a good deal without the most important piece of data, what is the fair market value? 

As a realtor in Indianapolis who works with out-of-state investors, I can give you some insights:First Step After Picking a Market – You’re on the right track looking at listings and running numbers, but I’d also suggest diving into neighborhood-specific data (rents, property appreciation trends, crime rates, etc.).

My weekly podcasts will also help you get a better feel of our market and then might help you learn our market quicker and with more data.