This actually happened to me in Boulder and they ended up staying several years, paying the STR premium rate the whole time.

There are many strategies to investing in real estate, and I won't say any one is better than another, but I think you get what you pay for and no one wakes up in the morning wanting to be a slumlord.

The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.  

I will def. consider it, and may not pay to go to their 3 day seminar when I could gather info with like minded people like you.

Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.

The rentals are paying the holding costs on it so far (taxes and insurance are high in this market).

I was lead to believe this gave the PR the license to sell any assets and pay beneficiaries. 

(Increased rates and loss of discounts on all policies, not just this one.)You’d be better off raising all your deductibles and using the savings to pay for your floor repair.

A paying tenant isn't something to discard too easily.

It is suggested that  "Small" landlords use a collection agency, who will report the non-paying tenants to the credit bureaus.