Talk about a long term horizon!

Future Prospects: Lastly, do you see your chosen market continuing to thrive for short-term rentals in the coming years, or are there any trends or changes on the horizon that could impact the market?

Although picking a strategy also depends on your goals, time horizons, capital, and skill set.

The choice between STR and LTR depends on various factors, including an investor's risk tolerance, investment goals, time horizon, and financial situation.

@Robert Richardson with rent control a strong possibility and being forced into section 8 leases also on the horizon I see no reason to further invest in Illinois.

..Just trying to understand my horizon and risk.Andy

I look for an asset that has the right type of "ingredients" if you will, such as low rents, deferred maintenance, high expenses, poor management matched with a market that is expanding with year over year rent increases.Not to get to far off track on an answer to you, but when the demand of quality assets exceed supply in the respective market, you can force the value of the asset very quickly.In my opinion a 3 to 5 year time horizon works nicely for my investment strategy as I like deals where I can get in, work my magic by forcing the value, sell and take the profits off the table.

People generally end up talking (writing really) past each other instead of taking a step back and realizing that everyone invests differently, for different horizons, and has different liquidity preferences.  

@Kaygo Haga It depends on your investment horizons as to whether or not to stop investing in your IRA.

Collective Soul, Rage Against the Machine, The Mighty Mighty Bosstones, NOFX, The MuffsLately if I listen to anything I am trying to broaden my horizons because the modern rock of TODAY is TERRIBLE.I'm starting to get into Rockabilly, Phsycobilly type stuff.