Data can be sorted by property type, lien position, LTV, and even the seller's proximity to the property. 

If you are looking to purchase an STR in Hawaii, take a close look at the data.

I would closely monitor your competitions pricing to see what is working for them.Vrbo has built in tools to monitor when people are searching for specific dates.

As an new investor you should consider which factor is higher risk - proximity or market dynamics. 

Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old) 

All of them flocking to AZ for our lower property tax rates, warmer weather, and proximity to things (beaches, snow, mountains). 

I BELIEVE this credit would be treated just like covering buyer’s closing costs. 

I have clients who invest in the SDSU area to students, nearly zero vacancy, because of the demand, proximity to campus and quickly executed turnovers. 

Given this, proximity to employment has not been a concern for many people, which is what led to population declines in Washington D.C. during the Pandemic as well as other health and safety concerns.

You are correct in your assumption that it will impact how low they can go on the down payment, though, b/c commissions will need to be paid out of closing costs.