STR is a bit weird because the Covid travel demand pushed the price hardcore for the last few years. 

Click Here to Book a 15-Minute Call Lol, they even got the Wolf of Wall Street.

Bigger Pockets sent out an alternative investment article which included ATM investments as a suggestion. 

Then incrementally move up.  

I am working on a tool to analyze EVERY deal that comes on the market and filter it down to only show you the deals that match your specific buy criteria (residential only for now). 

I would rather have a vacant property all winter than what I see coming down the road, here.Good luck!

I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.

In rural Idaho, it is much the same way. the counties have minimum requirements and if you keep things on the up and up, it should be fine.Now, in a historical district, that is a different animal all together.

How did you come up with the cap amount?

Prices have increased (higher terms/rates) as the fed rate has gone up so you have seen people who could get 8 or 9% now in double digits.