Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

@kerry nelson @Kim ScheidI have only stuck to the eastern portion when analyzing deals (FOCO/Denver/Cosprings/ Pueblo)Curious if you all are finding good stuff out in Grand Junction?

To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!

Once they fall off in a few units I’ll be cash flowing $500/unit which is great compared to the other properties I’ve analyzed recently in my market.

That is why I keep going back to whether or not you analyzed the numbers. 

Also, doesn’t hurt to analyze a few deals using the calculator :) 

When you and all of us fail, stop and analyze it.  5.  

Connect with local agents, meet property managers, and analyze deals carefully.Good luck!

I took over an hour, on a Sunday,to click a suspicious link in order to look over your property, to learn a little bit more about the West Chicago sub-market, to analyze a deal for a stranger; and to present a rough algorithm for how to analyze the numbers of a deal so that a general process could extrapolated for the next property you consider.

If you believe the fed will keep cutting you may want to analyze if a variable rate would be viable for your situation.