Ok, so I read and loved Avery Carls “Short-Term Rental, Long-Term Wealth”.

3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

There are many markets that fit this description.

Any tips for navigating the competition in such a hot market?

@Caleb Rehg This thread may be helpful: Nearing 1,000 College Students: Here's What I've Learned

Hey @Jonathan Sanchez, a lot will depend on your area.If you are buying in a saturated area with lots of competition, then using an aggregator like Pricelabs to help make your pricing accurate is handy.If you are in an area that has less, then simply looking at nearby properties that are similar to yours on VRBO and AirBNB.

You didn't read what I wrote above because you still want to compare your idea against something that doesn't exist. 

@Tim Ryan thanks for the tip!

@Jason Sung Yes, this is common.

One more tip – people remember stories that trigger their emotions.