Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions. 

A lot more important compared to newer construction homes where you don't have to deal with certain things when it comes to either of those.Many other nuances but those are just a few that come to mind.

I understand, to clarify the cash flow is not my only source of funds to purchase future deals as I am able to save a large portion of my W-2 income as well and the cash flow from the property is a very small percentage comparably.  

And there's so much more I don't know yet compared to what I do know.

I just want to compare the real estate and stock market investment.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

And at what nominal price compared to the $24mil they paid in 2019? 

Properties are sitting on market for a bit longer now that supply is slowly creeping back up. 50 days isn't too terrible compared to the greater PHX area. 

@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.