How long as that management company been in the market?

A good mix of LTR'S is a very good idea so that all your eggs aren't in the STR basket.I like tourist destinations where STR'S are heavily ingrained and almost impossible to ban or regulate out of existence.

I think new investors heavily overlook the skill component needed to successfully pull off a renovation to then rent out properly.

Others noted that the appreciation play could make it worth keeping, I tend to look more heavily on appreciation since real estate investing is more of a long term game.

My wife and I heavily considered investing out of state. 

Because of this, I am much more inclined to proceed and heavily consider this purchase.

The average company only survives for ten years, while even large companies typically last just 18 years.

Are you aware that over 80% of Wall Street / Stock market companies DONT last that long?     

Forums seem heavily loaded with newbs or takers - 20 posts for every vote type ratios... 

We do get people coming through for ETSU and Milligan graduations, temporary stays for the VA, and some tourism in the summer and fall but you're not going to stay heavily booked.