I’d argue that location, pricing, and guest experience are even more important for long-term success.Hope this helps, and feel free to ask if you want to dive deeper into any of these areas!

That will go a long way to answering some questions.Check out - https://www.awning.com/airbnb-estimatorThat tool is similar to AirDNA for basic lookback on the area as far as occupancy and revenue goes.

Then if you want to pick up a first time investor buyer and show them the ropes of the most successful long term investors in your market you can share your time and expertise now and then.

The reality that neither view is realistic or probable.The best advice I can give would be to underwrite for long-term leases as that can be an acceptable exit strategy, but be prepared to execute well on your MTR strategy (great interior design along with profesisonal photos and concierge servive). 

Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental.

Major items have been repaired/replaced and should have a long life without needing further capital input.

As long as there was no agent already involved and thus cutting them out, then should be good. 

Also check how long you have to notify the tenant that they won't be getting their full deposit back and how long you have to return the balance.

The long term capital gains rate for many people is Federal 20%. 

You're going to win way more often than not if you stick to real estate for the long haul.