Answer: No, buying an STR doesn't change the nature of historical passive losses on other LTRs you own and carried forward from prior tax years 

But humans are humans, human nature is what it is.

Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.Low risk of natural disaster: Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.

I, like most posters here, have a natural bias toward our area of investment/financial/business interest.  

Most fake this, but you are genuine.My response to you is then this.First, be careful, because human nature is a treacherous one.

Yes, you have your nuances and pains that make you work a bit harder for your money in these areas, but each has its own gravitational pull that, even though some hate it, more people are drawn to it, creating a natural scarcity.  

Again  as an LP, ask yourself why you are the preferred check writer over the more sophisticated and more natural equity contributor? 

Thinking of Freeport, niceville, crestview, etc.I like Freeport overall and naturally I’m looking at rentals rates vs the cost of townhomes and single family homes.

And they're much harder to hire vs. subs (my husband is very good at building his sub network - it comes very naturally to him). 

Regularly review your property's performance, and if the ROE dips, explore ways to extract and reinvest the equity to maintain your investment momentum.