There are opportunities out there but some strategies are risky. 1 - Airbnb (STR) comes to mind - very competitive, very saturated and becoming highly regulated.2 - Most STRs are transitioning to MTR so that market will be saturated soon if it isn't already.3 - Insurance crisis in florida is getting bad so those costs will eat up cashflow and short term appreciation.

Great nest egg. 

If operating costs increase, then customers/tenants will eat the costs in tight markets.

Texas is definitely a strong market, but keep in mind that high property taxes can eat into your cash flow.

They wanted to be close to stuff to do/eat, or be close to work.

Yearly increasing costs will, in time, eat up any profit they have per unit.

We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.

It does really eat into your revenue, but if you're convinced you can't manage it yourself from a distance, you will need either a PM or a co-host.

Our team will be eating duck, goose and a lot of eggs. 

If they reject the concession and the replacement costs eat too much into your margins, it might be smarter to walk away unless the property has other strong advantages.I’d also weigh the long-term costs.