I understand it can be harder to gain experience with larger multifamily properties compared to single-family homes or duplexes, where someone might complete 5 deals in 1-2 years.

From what I've been reading, cap rate is not a reliable metric for STRs.

What happens to the 'comparable value' if the area is uninhabitable or a community that won't return for years? 

Take a look at the pictures, is it higher, lower, middle quality compared to yours.

Can they be more hands-off compared to other types of businesses?

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I'm not saying you're doing this, but people will often make the mistake of looking into the highest priced rental unit and making that the "market rate" but it's often not a true comparable to the subject.

One that is pretty dang reliable for performance.

This plays into the affordability issues for tenants by allowing them to live in nicer neighborhoods for less money, yet I get monthly revenue comparable to short-term rentals.