In a recession the STR market will be the first to get hit and your proposal doesn't have an exit strategy as the value of the property along with daily rates would decrease substantially. 

Neither of them ever had projected negative cash flow close to these amounts using conservative expense numbers.Some act like cash flow is guaranteed, but at the Great Recession there was many markets that had large decreases to revenue (lower rent and/or higher vacancy rates).  

If you have ever been confused as to why a big decrease or increase in CPI didn’t seem to move things, this is probably why.Jobs reportAnother key monthly economic data release from the BLS that can greatly affect interest rates is the jobs report, which estimates how many overall jobs (nonfarm payroll employment) were added or subtracted in the prior month, as well as a calculation of the unemployment rate.In 2024, this report may have overtaken CPI as the biggest market mover, as many financial experts expect the Fed to potentially cut rates if large job losses occur and the unemployment rate spikes, even if inflation had not yet returned to the 2% target.These reports are typically released on Friday mornings, also at 8:30 a.m.

We have not seen the property value decreases so far that some other areas of the country have experienced.

If you are buying for appreciation, you are buying at a time where we just hit record high median sales price in April (slight decrease into May.)Now, all this talk of Orlando "cooling" is only looking at the increasing inventory, which is still below 6 months... prices increased four straight months to start the year before a 0.9% decrease April to May.

In the past 20 years there has not been a decrease in rents.

And then as mortgage payments are made you increase your interest expense paid and decrease your mortgage payable liability. 

I will say if a property manager isn't increasing your revenue and helping decrease costs then self-managing can make a lot of sense.

Since the values peaked in2022 and leveled-off, IRR will start decreasing every year.

Decrease servicesc.