Obviously if I intend to have a top performing STR in this market, my buy box will allow for a much higher max purchase price, but I wouldn't feel comfortable with shooting for the max if there aren't clear ways to beat these competing properties.

I do feel that rents are probably going to catch up over the next 3 - 5 years.

It’s gotten me seriously considering bringing an attorney in-house to handle evictions and other legal needs moving forward.I’m evaluating this from two angles:Cost Efficiency: With the expense as high as it is, having in-house counsel could potentially reduce costs over time.

I'm hosting a local meetup in Mankato, feel free to shoot me a message if anyone is interested in joining!

I'm also in FL and am a RE investor (STR/MTR/LTR), developer, and just love RE and the freedom it brings.

Feel free to reach out to me with any questions or if you want help.

A tenant may try to befriend you so that you'll feel bad about kicking them out if rent is unpaid, etc.

Go with what you feel comfortable with.4.

That's why it's important to be confident in your team so you feel like everyone is working together towards a common goal (good investment for you, agent gets paid for their support). 

If you ever want to chat or need advice, feel free to reach out.