LTRs with long term conventional financing and standard management aren't really cash flowing anywhere right now. sure, there are lower cost markets that look better on paper, but there are costs associated with those supposedly cheap markets as well - deferred maintenance, more challenging tenant base, higher cost turnovers as a percentage of the rent.2. i wouldn't pick a random market thousands of miles away based solely on statistics or numbers. 

So demand for travel is lowering back to historic levels while the supply of STRs in many markets has increased by a lot.

I think it will increase down the road, but right now the town is a bit on the past.

Since getting started we have learned a lot and have built quite a few systems and processes to increase efficiency and maintain consistency within our business. 

My initial thoughts when it was mentioned, was to push him more to a standard multifamily investing strategy.

Largely, the appreciation in housing prices is coming from both new migrants and investors coming from the East (GTA) as well as international countries (predominately from the middle east).We are also seeing drastic increases in the rental rates which in turn are pushing investment property prices up as well.

The importance of lowering expenses and increasing efficiency to maximize property income.

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

How do SFHs fare in competition with these rentals as supply increases?

I am wondering if transferring the cash periodically to a standard brokerage IRA account may be my best option.