Yes - my sentiments exactly!

There have been a lot of good replies above, and I would echo their sentiment - the answer is "It depends"I know quite a few people with own LTR or STR, some with both. 

Agree with the sentiment from everyone else about the market dependency. 

What is the overall public sentiment?

I agree with the sentiments that knowing your PHA/Section 8 program well, knowing your city well (ie the good and bad low income areas), and being ok with renting simple, durable properties instead of beautiful ones. 

Hard money lenders might also have the same sentiments after reviewing the project scope and not be as likely to lend to a novice investor on such a project, so you'll face financing approval hurdles as well even if you did want to follow through.

@Dale Stevens,I do understand your sentiments.

I have very little data to back up my feeling, and I am certainly not a market timing expert, so I wanted to reach out and see if others had a similar sentiment.

Would love to hear your story and maybe a sentiment on the current atmosphere. 

I agree with the general sentiment on this one.