A C class neighborhood in the rust belt might look like a D class in another area because the rust belt has older housing stock and has a different look and feel to neighborhoods. 

@Matt Wan In the Boston area the inventory is so tight I'm not even sure there's "deals" in the off season.

I'll add that you must manage yourself for at least a year (all four seasons, etc.) to have a real understanding of what you want done and how much you would value what is offered by STR PM.

It’s a short term rental started in Oct 2024 and earning during this off season is under $10K but cost segregation has nothing to do with rental income only depreciation of the property and with bonus depreciation being 60% this year I think it’s worth it.

Although you are a new investor, you actually have more and better options than seasoned investors.Id they need a second parking spot , rent that to them also.

In older neighborhoods where yards need some help.  

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

A good friend of mine recently managed to pick up a modest duplex outside Phoenix that looked risky at first glance.. low rents, older neighborhood.. but with a few smart upgrades, it became a steady earner in under a year.You mentioned your worries about remote investing and the challenges of managing properties from afar.

The overall inventory is higher due to the season.

The market does pick up in the spring, due to seasonality, but the 10yr yield will be more indicative of buyer interest.