Ideally, no more than 5% over median and no lower than 15% under median.

Would the IRS allow them to benefit from a 1031 Exchange if they would be "swapping" a million-dollar rental for one that is much lower in price?

Most hosts just lower their prices when things get rough but guests just want am interesting experience. 

I don't charge renter's insurance for my lower class properties.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

You'll get much more "bang for your buck," lower cost per key, and lower maintenance costs per unit.

I understand I cannot legally require them to respond, unless the notice specifically requires it, like for instance, a notice of entry, but it's making it difficult to manage the property, and I'm not sure how to proceed.

So in that a much lower rate of return is acceptable given the safety and certainty level of things. 

If all of them have a garage and yours does not that will either put you at a lower ARV then what you thought, or a longer time on market.

We tried to explain this to VRBO call center reps, but they can't offer anything other than telling us to lower prices to pre-Jan 6 rates.