depends on how active you are but remember you likely strive to make more than the trades (even though plumbers are expensive, my time is worth much more).  

We should jump on a call and trade ideas

Go to school and finish “ No Quitting” One went to college and graduated, with no debt because they worked all through college and applied to enough scholarships to make your head spin.One left home early and found consistent employment currently a young supervisor( now married with kids)The last one stayed home like first one got a trade in the electrical field (graduated).Then I told them no outside debt, you are getting houses.

Eventually, I'd like to utilize a 1031 exchange to trade up into larger multifamily units.Thanks in advance for your insights!

It’s a jack of all trades here with little to no trade offs/cons when comparing apples to apples to other large STR markets.The key to success here though comes in the knowledge and execution.

If the former, you may be trading $10K today for a long-term risk that could crush you at any time.

Meanwhile, the assets lack fundamentals, and rarely trade for remotely close to where they appraise.

You will never lose more money than you will skimping on these two trades in your portfolio.

There's more than one trade to put on.

But they don't have any foreign currency risk investing in Mexico or the Dominican Republic either because properties there are traded in US dollars as well.Counterintuitively, this is another advantage for countries like Mexico and the Dominican Republic.