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.

Personally, I airbnb half of my house, individual rooms, and stay nearly 100% booked.

Stay away from grey LVP pick warmer colors if possible, choose hard surfaces for common areas and soft for bedrooms.

If those earnings didn't stay the same or increase, that could leave the lenders with folks that go bankrupt trying to pay for a property they can't make perform like you did.

Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....

And, the longer you wait to act, the longer the squatter stays - and even gains some legal protections to stay while your waiting on a slow court system to act on an eviction. 

While I have found MTR tenants who stay a year, most start month to month and just happen to extend. 

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

I started staying on the North Shore of Oahu back in 2005, and it was easy to find a STR.