These days, I've backed off a bit because a bunch of my systems have closed so just waiting for the next big hack play. 

U know this is how some sharp folks will play this.

Two factors at play here.1) STRs generally appraise as residential homes, not as businesses based on multiples. 

Seasonality always comes into play!

A prominent MLO in the northeast was recently charged and stripped of his license for playing this game with his borrowers.Also, everything is reviewed by underwriting.

You can see this play out in real estate as well.

MTR is more of a convenience and less of an amenity play.

Play Opossum ".... help, I'm some corporate slave just feeling life slipping away in my 9-5 but I do make hundreds of thousands of dollars per year I just have nothing to do with, WHAT SHOULD I DO"..... 

Investing is different from speculating, in that it’s data driven and therefor predictable and you have factors that play in that covers your downside and strengthen your chance of upside. 

nice job I grew up flipping land I love that play still fund land flippers to this day is a niche of lending that I have carved out..