Some advantages of both:LTR Advantages- Typically more stable income- Less maintenance- Easier to self manage, or cheaper to hire a managerLTR Disadvantages- Typically less cashflow- Potential for costly evictions- Typically lower asset class/lower appreciationSTR Advantages- Typically good STR's are in a higher asset class than LTR's- People typically think the wear and tear in a STR is more, which can be true, but having staff inside with a checklist can catch small problems before they turn into larger more expenses- More flexibility if you want to sell you do not need to try to sell pre-loaded, can sell furnished whenever you want etc- Potential for owner use- Higher cash flow, typically.STR Disadvantages- Management intensive, more expensive management- Income instability- Subject to seasonalityI have both but prefer STR's. 

Cape Cod and the Islands are experiencing an over saturation of STRs with many rentals being empty while the local businesses are unable to hire staff because the staff are not able to find housing.

Any information you have is appreciated, the world wide web only gives so much information.

Was redone 3 times, customer service and staff basically clueless.

For what it's worth, I'm a broker, investor and my staff and I manage 112 single family homes, of which a little over 30% are pet friendly, and our rents run from $1000-$4000/mo (to give you a since of our market).  

I'm sure they'd be happy with someone who already has it, but they can't operate without a managing broker in IL--so they have a managing broker on staff.  

Many Assessor's do not have the staff or technology to review values annually.

I think this is what most people miss when they think 'scaling'.When you start making money in real estate and want to make more, very often one must take the plunge to hire more staff, outsource more tasks to allow you to do more of the more money maker activities.  

There is a good chance there is a staff or senior accountant with a firm who is choosing to focus their knowledge and client base on real estate. 

I tell my staff all the time, "Behave like this will all end up in court, because one day it will, and we want our client to have a very, very strong position."