You should charge the market rent in the area you are in based on what you are offering.

Additionally, joining local real estate investor groups or forums can be valuable, as members often share updates on regulatory changes and best practices.To automate and make the process more efficient, consider using tools like AirDNA or Mashvisor, which provide data on short-term rental regulations and market trends across different locations. 

There are many STR designers and a number of them offer remote services, which are less expensive since you would be responsible for purchasing the items and setting the property up.

If you're considering it as a vacation spot as well, look for an area that excites you and offers interesting attractions.

Additionally, strategic marketing highlighted the property's new features, attracting buyers quickly.

We are still seeing multiple offer situations here near Sacramento and Placer County which is near Tahoe.Reach out if you might be interested in purchasing up this way.

Most of the time we were offered ½ of what we were asking.

Additionally, townhomes appreciate much slower than detached single family homes tend to.My personal advice would be to sell this property and then 1031 either into a better property near you that is low maintenance, or (probably better for you) invest the capital into a syndication or partnering with an active investor where you should get returns better than the stock market. 

You'll want to get prequalified and know exactly what you can afford because the market is super competitive and you'll need to be ready to make offers quickly once you find something you like.

I am so grateful for the time and effort this community offers.