MTR's are not my cup of tea, in the slightest, but coining and use of the term and differences in the business model- it's happening.

The other side of the coin though is that you likely won't get any capital gain and, worse, your rental income could be wiped out by capital losses.I'm not sure why you think Florence is expensive.

And i truly do see the other side of the BRRR coin. 

Married into massive student loans & going to ride crypto & silver as the dollar collapses & the debt becomes worthless!

Unless they get with a group or are high net worth individuals with enough coin to push around deals that make sense.

My mother was always the lady at the office, I was the repair boy growing up and my Dad was the guy who picked up the money from the coin laundry machines and managed the property.

We now have the joy of a 9.5year coin-op laundry contract that we don't want.....

The flipside of this coin is that good money can be made in almost any market with positive population and job growth trends.

From what I’ve seen the transient rental licenses in KW are some serious coin.

Diversify that money into real estate, stocks, crypto but of course which asset class do you value more and willing to put more money towards it...that's a question for yourself.