Opex is heavily increased with very mild revenue stream increases, it's indication their business operation is not modest enough.

We are heavily under built and there is extreme pent up demand to purchase a home today.

Heavily used ones should be changed twice a year)Your list is very important and very helpful for folks considering investing in an STR.

Google's AI tells me:"For heavily forested land, the cost is between $3,000 and $5,600 per acre"Does anyone have any experience with clearing land for construction?

This way the commission is heavily skewed to reaching 100% occupancy effectively taking my planned vacancy percentage and giving 80% of it to the leasing agent for doing a good job.

Rinse and repeat the process above but keep learning other ways to invest, you can not do all flips because this will be taxed heavily, if you build to many airbnbs you will run out of cash, despite having good cashflows, if you do to many single family houses for regular rents, you have to wait few years to get a big payday and you barely cashflow. 

@John GrossIf you are only able to charge one or the other in your market, then I would heavily favor the security deposit.

While real estate investing is heavily pushed, there may be other investment strategies worth exploring depending on your financial position.

Appreciation favors larger investments but I would not let that factor in too heavily.

Especially since you are in one of the most heavily taxed states in the country.