.: https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporateYep we shall see how this plays out 

So if you had 20 of them, you're talking about a huge retirement kicker that you can build.If you're up there higher in age (i.e. 40's or 50's), then the long play doesn't make as much sense. 

Then, once you incorporate an entity structure, that will play a part as well.Hope that helps!

I do think brand can play a very important role in the long term of something like this.

Also wonder how appreciation plays out in that area as well.

This platform has played such a key role in my journey over the years.

So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away

It's playing with plutonium.

This isn't analyzing deals, this is just playing a video game.

The STR part plays no part in the valuation like @Patricia Andriolo-Bull said.I agree that 20% is pretty fair, but you could self manage it once you get things in order.