We operate a real estate, mortgage, and property management firm dedicated exclusively to Short Term Rental Investments.

@Audris Tien, it is very hard to tell, depending on how the capital raiser chooses to present it.  

If someone would choose a new, small 2/1 for 250K or a 3/1 1950s build for 250K they would choose the bigger one all day long.

Furthermore, choose your deal provider carefully.

Once vetted, I compile this exclusive list and share it with my clients.

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

You got the experience, now you can choose something.

If you own one rental, you are part of the exclusive 6% club.

The timeline for reconstruction is decades, many will choose not to rebuild or re-take the risk.

You do run a "risk" of being outbid at REO sale and "losing" the property, but given that may happen, the "total debt" is your security as you may bid up to that amount where it makes sense, but you may also be able to cash out for a healthy profit at sale if you so choose.