With a C or D class property sometimes it makes sense to mix in some section 8 though to mitigate risk. 

Do you think property management, although expensive, can help mitigate the risk of getting a poor review if your STR is out of state?  

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We do all we can to mitigate it, but, you're going to get them eventually.

I need to buy more rental property but in LLCs to mitigate with depreciation the earnings from the stocks.

New construction mitigates maint. for the first few years unless you get a bad tenant.

Those don't get the standard MF treatment here either :(  And I suspect a commercial lender might look at the normal operating income of a property w/o the special AirB&B use (or use a mitigant as you stated) at least for the property value, because there is not a liquid market for AirB&B managed properties w/ experienced operators to continue generating that specific income, should the borrower no longer perform.Kinda like an owner-occupied commercial building.

Would like to hear other's experiences with this type of tenant base and how to mitigate these types of risk.Michael, thanks for sharing your experience.

If the market tanks again I'd be back looking at properties with better appreciation potential etc. etc.If I see a 2% property I know something is likely a wrong but it's rare enough that it's probably worth a look to peel it back and see if that/those issues can be mitigated enough to offer a higher return than normal.

So I believe you can certainly find higher than 8% short term in many investments/businesses (notes an obvious one for BP), but depending on your skills, and risk mitigation, other options may well be riskier than real estate and/or require more active participation than stocks.Personally, index stocks and real estate are my low risk buckets... startup businesses fall in my much, much smaller 100% loss OK bucket.