Everything can be done with a calculator and a piece of paper if need be.

And a debt note is only part of the cost of owning a property; not paying taxes will get a property foreclosed; not paying insurance can present huge exposure to damages.

and the demand is amplified when it has a proven rental history, furnishings and a transferable or easily obtainable STR permit.

There is a time and a place for sub to  no doubt but wholesalers to me are not the time or place.

Few bookings, lots of cancels, inaccurate information and a total fail synching with other software.  

If you’re strategic about locations, management, and financing, STRs can still offer decent returns in the right market.I totally agree that it’s not all sunshine and rainbows in real estate right now, but if you’re strategic—especially with tax savings and a long-term focus—real estate can still be a viable option alongside other investments.I agree with everything you said but it’s also important to consider the Time component.

The place I have is over 30 years old and a mansion ("mansion" in Japan means an apartment, not "mansion" like a huge house). 

The job consisted of replacing most of the front entrance, which consisted of 3 wood steps and a small platform deck the size of a standard refridgerator with railing. 

On a more enterprise scale, I employ RevMax software as well as a fractional revenue manager who looks at the prices daily on a market level and a comp set level. 

The investors that I work with find this much less risky and a much faster way to get to ROI.