Also I understand the funds aren't available for the improvements so that is another obstacle that has me leaning towards price reductions to move on as soon as possible.The exit of lower tier SFH's is something very few investors care to consider when making their investments but deserves far more consideration. 

If you have considerable equity in the property or multiple properties it's even more important.

Requires some pre-planning if the ceiling height exists. 

What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

The good news about the saturation is a lot of investors bought in the height of covid, with abnormally high performance numbers.

Make sure to take it into consideration depreciation.

I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.Self managing STR properties, from afar, while maintaining other employment, is only a possibility because of the new technology made available in the last 10 - 15 years.  

I'm actually pretty familiar with this area, I lived in Sterling Heights for about two years.

I am curious to learn from others as well  :) I looked at GHL for my CRM but felt like it was full of features I'd probably never use and the cost was considerably more than what I ended up using: Monday.com.

Watch the old classic "Pacific Heights" and you will never want to be a LTR landlord, at least in California lol.