This MEDIAN rent is defined by HUD to be FAIR MARKET RENT, FMR. 

Both Fort Lauderdale and Pompano have fairly relaxed STR rules and regulations. 

As for rent, the three parties agree on a fair rent for the apartment and that is what you pay the partnership every month in rent.

As far as looking out for those deals, I'm fairly young and majority of my sphere do not own homes, or are dealing with a lot of the things you mentioned, but agreed they are all great resources.

As far as self managing, it’s fairly easy.

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

But either way, it is a fairly substantial number of States and many of which have large population centers.

You can find comparable sales in 2017 and use that dollar/acre figure to arrive at the fair market value then. 

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

Find a reliable team, offer fair pay, and keep them motivated to stick with you for future projects.That’s what I have off the top of my head.