Others' experiences might not matter as much as their leases are different.

It attracts a different guest.  

Advice will be different on each path.2.

Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.

Cannot thank everyone enough for all the replies—some differing opinions, which I appreciate!

Great point, there's also two different behaviors that can logically result from same estimates for future inflation: raise lending rates, OR buy hard assets.

One foyer entry and then two different doors after that which I labeled 100 and 101. 

this is the distinct different between being an actual lender like a bank .. and an investor in a fund.. two very separate transactions.. when you lend and receive collateral on the asset you get paid when it pays off or the borrower refinances etc. 

I totally agree, big investors can go nationwide, but knowing the ins and outs of your local market makes all the difference.

To the insurance company they will view an STR differently than a LTR.