There is lots of very poor quality decaying housing stock, underperforming commercial areas, poor land use, a bad road network, and not a great job market compared to other NW Indiana cities unless you are a warehouse worker (as I was at the time).

You won't have to do ANY work because I'll take care of it all, and other stuff like this)If it is a LL or a low pride-of-ownership owner on the other side of the party wall then your SOL and you could either eat the costs and replace it yourself and document the heck out of it, OR you could have a new fence installed on your side of the yard to hide the decaying fence. 

Some B+ level neighborhoods in Delaware County make more sense if the property is a multi-family to counteract the higher taxes.

I have a 2 night minimum as my standard stay requirement, but this changes as time starts to decay on my calendar. 

Their also less expensive to heat and cool - and maintain (no wood virus, no decay, no termites). 

So as a counter action from banks is that they lower their interest rates to gain more borrowers 

I think a lot of new investors look at the allure of STR and see the big revenue numbers and forget how much damage your house and your furniture and your furnishings will take with guest after guest after guest staying in your houseIf you let your house and the furniture and the furnishings fall into a state of decay, what originally started as a big moneymaker will instead become a constant source of guest complaints and bad reviews and headaches and sleepless nights (for you & your guests!)

Natural materials that come out of the ground always have the potential of containing decaying Radon.

Between the impact of the opioid epidemic in the Northeast, and the perceived decaying economic conditions, few in the state speak well of it.

When Portland started focusing their efforts on inner city decaying areas people with money moved in and they improved the properties too.