I initially bought the property for around $215k, but it's now worth ~$350k with about $165k left on the 30-yr mortgage that is at 2.85%..

It’s not a bad thing, it’s just where we are right now.

Hi guys! 
I’m a new investor, currently living and thinking of investing in Austin. However, I work remotely and could decide to invest somewhere else. I found some properties in Myrtle Beach that were priced very re...

You are right, the damage isn't irreparable.

Evan is right, I have been deep diving and analysing the STR market for a while now and you quickly come to realize that a decent home and location for LTR doesn't at all equate to a successful or profitable STR. 

Reality of it is if you want to profit typically you need to make a business out of it and only approx 5% of people are actually cut out for handling the operations of a business - this is why you see so many so called “tire kickers” but most of the gurus don’t care and they know right from the start 99% of the time which trainees have a chance to succeed or not but that doesn’t stop them from taking peoples $.

Full Brick Detached Duplex in Optimist Park (4 Bd/2 Ba) 1610 sq feetPP: $565k                                                                                            DP: $28k                                                                                              Closing Costs: $0 ($15k seller credits)                                            *Used to cover CC & Buy Down RateRenovations & Furnishings (MTR/STR): $47kCash Invested: $75kARV: $675k-$700kJust a quick aside, I think right now is a great time for an investor, because there are a lot more people on the "side line".

I run an overseas superluxury STR and you are right about the value of a good property manager in this market.

There's definitely no one right answer for everyone, but a long look in the mirror sure helps.

If your numbers are right then nothing else matters.