So I wanted to ask: has STR revenue decreased as bad as it looks, particularly in 2023?

REITS that have lots of floating rate debt may be at risk of severe defaults in the near future. 

I am going to give it another 12 months to see if rates come down, as my first mortgage has a 6.25% rate and my second has an 8.125% rate.

Specifically, do you look at comps on the market or try to find what value would be based on the cap rate? 

I clicked on the link and their starting interest rate is 11.1%.

I basically wanna know the rental occupancy rate in that area.  

Every time I inquired about commercial loans on my SFR I got quoted much higher rates and loans that were amortized over 30 years but always callable every 5-10 years.

I believe there are high interest bearing amounts that are similar to CD rates but they give you the flexibility of having all the funds available to you immediately.

I also have a primary residence with nearly a JUMBO loan at a high interest rate and I own a vacation place in cash (small trailer not worth much money but i also own the land) in a different state that I pay RE taxes on. 

I don't think I would advise anyone do something or not do something because it might be a "red flag" - yes the IRS has plenty of red flags, but the audit rate on most of these issues is so comically low, that as long as you have a legitimate position - take it, don't not do it just because it might slightly increase your chances of an audit.