That experience taught me to always overestimate CapEx and vacancy buffers... it’s much easier to sleep at night when you’ve got those cushions in place.From what I’ve read in Bloomberg, these challenges aren’t unique, especially with rising rates.

What unique features of this property do you believe makes it a good STR6.

You can find them through local real estate investment groups or online platforms.Auction or Estate Sale: If the property has unique characteristics, especially being a large, old Victorian, it might attract specific buyers looking for such properties.

The downside is that everyone does it and unless you have something quite unique, you will deal with lots of competition and seasonality.

But point well-taken.... those markets who ARE actually already showing signs of revitalization would likely be good places to target... but again that would depend on your investment strategy and unique way you plan to add value in order to achieve your specific investment goal.

@Eric Jones,No, I'm NOT saying "that it works due to something unique and intrinsic of the HELOC itself".

Rental property owners expecting high occupancy may need to adjust their timelines and rental projections.On the flip side, this delay also presents a unique opportunity for strategic investors.

It’s amazing to see how much the market has changed since then..and I remeber reading an article in Forbes that talked about how travelers often prefer unique stays with great locations.A friend of mine up in Lakewood had a client who tried an Airbnb in a condo overlooking Sloan’s Lake.

Each tenant living in a building has their own unique rent amount, so even if they do not leave a notation with the rent payment, I know whom paid the rent based on the amount alone.

But don't worry, the CA government has come up with a new and unique approach to this.