A lot of people tend to overcomplicate it.

I work with a lot of investors in Birmingham and the surrounding areas.

AirDNA shows it on the rise in terms of annual revenue, occupancy rate, average daily rate and revpar, with about 3,000 total listings.

In Capistrano Beach, at 27111 Paseo Pinzon, Dana Point, CA we built a 3440 sq. ft. home, 2 stories, with rooftop ocean view decks.

Still thinking of a STR down the road....

Unfortunately, of everything that you have pointed out, this would be the one I would suggest selling. 

I would say it could be done, just need to have the following:#1 - Have great overall knowledge of that market, and better than agents.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

The entirety of these cities aren't just comprised of cheap run down properties. 

So a lot of little guys like me are paying double for their money.

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?