They are saying that demand is still strong but all the additional STR's is cutting into the occupancy numbers.https://www.airdna.co/blog/airdna-market-review-us-november-2022?utm_campaign=Newsletter&utm_medium=e...

This can drive up price …In most markets you have a balance of appreciation vs cash flow and you are usually sacrificing one for another…however not in all cases as the goal is to find markets with healthy amount of both! 

The property is producing better-than-expected cash returns.

Before you look at buying, you need to figure out what your current property will produce.

Quality of the asset or the income it produces? 

That's $294,000 invested, plus six years of work and stress before they become profitable.I think it may be wiser to unload at a loss, wait for the market to bottom out, then try again with a property that produces positive income from the beginning.

You can also use this time to analyze your current properties and see if any of them are stinkers that you would be better off selling and reinvesting in a better-producing property.

It's a possibility, but I wouldn't bother unless it's going to produce a decent return of a few hundred a month.

Don't be surprised if your due diligences actually find/produce an asset that is within your buy box and is cash flow positive - especially in the STR space. 

A smooth sea never produced a skilled sailor (Franklin D.