Learn about the seller, their goals, their pain points, etc... then present solutions to their problems. 

I feel your pain when it comes to the high cash flow, but low appreciation and potentially high maintenance properties.

There is another STR owner in this community I've talked to, and he's been doing it for 1-2 years and he said it's still been a real pain to deal with. 

@Joseph Sakic the "pain" is directly related to:1) How much your current PMC cooperates2) What paperwork you already have or can get to send to the new PMC

I have lived in Truckee for over 23 years and understand the pain you can go through dealing with a local government where the answer you received on Monday is different than the answer you receive on Tues, Wed, Thur & maybe even Friday if anyone is working.

Definitely don't sell it and buy cheap Class C in Texas or other state for "cash flow on paper" - I learned a painful lesson with those types of properties. 

Try to find out what the seller's pain point is.

They are like marriages: easy to get into but very painful to get out of.

@Andrew KatzIn this situation, you can either (a) continue dealing with the pain of having your tenants that pay late and violate your lease terms or (b) deal with the pain of turnover but the prospect of getting better tenants. 

I figured this was hyperbole, thats why I wanted to ask the DC area realtors.IMO DOGE is very deflationary, there will be short term pain though.