This is very helpful.I agree and am aware that there is increased risk to an auction property. 

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol

Then build a life and set goals around increasing the number of perfect days you have each year, instead of decreasing them.2.

Then gloat about how much they made on the exit meanwhile dragging the neighborhood property values and increasing crime the entire time.

I'm also not super optimistic on rents increasing over the next year or two though, especially if we go into a recession.

Pretty much the core of the STR business.Higher your rank gets, you can increase your price and be more picky in selecting customers which usually lead to a better review / less party or complaints / less expense and higher profit with a happy life.I know some people will argue, but the ranking system is the truth and should be the only guide to your STR journey. 

But if you can finance a home in an appreciating area make it breakeven and at some point (as always) either rents/nightly rates will increase, interest rates will go down, or both. 

I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

The closer you are to Huntsville the rental demands increase.

Since COVID, the demand for cash actually increased, so this is a recession resistant play.