Have multiple exit strategies, do not be over leveraged, and make sure you are factoring market changes.

The store is beautiful now.

Removing the emotion is a skill that is learned and gets easier over time. beautiful sentiment Johnathan.

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

DOM can be minimized by a number of different factors including the quality of marketing, rent price, availability to show. 

Outside of real estate, I am a Firefighter and have a beautiful wife and 2 kiddos.Excited to learn and connect with you all! 

Building a solid team is another crucial factor.

If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.