You could probably afford $20,000 without much impact on your budget.

I have an STR in New Orleans and we were heavily impacted by regulation.

Complaints are always dicey when you live or have property in a jurisdiction they scan your license plate and have visibility into your property that may negatively impact you in the future.  

This is largely due to the fixed nature of ongoing maintenance costs, which become proportionally more impactful as the park size decreases, thereby inflating the expense ratio.

He also doesn't control regulations in the states/cities, but his attempts to cut regulations may trickle down and impact personal property rights and people's ability to use their properties as they see fit.

BUT.... but, but, but, also how a person manages will impact this.

No offense, but anyone who claims a sale of $1 M of anything makes a noticeable impact in a market worth $280 B does not understand how large markets work. 

I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

Fees can certainly impact how the "true split" really looks at the end of the day.

I find it continues to impact their algorithms as they continue to figure out how to attract hosts and guests and it further proliferates and already saturated market.