They are just regurgitating marketing 101 trying to sell the holy grail. 

Now, of course, every market is different.

The Lake Tahoe market has many intricacies regarding short-term rentals, but navigating them is definitely possible.

Question: assuming an ideal brrrr that has all investment extracted at the refinance, why would you choose a low cost market over a high cost market?

It is a great market.

We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

Property investors can anticipate appreciating property values and heightened demand in residential markets close to the new facility.

Coffered ceilings, low corner additions etc.Anyone can slap lipstick on a pig, looking for high value add in high demand markets is where the $ is.

Instead, focus on improving your marketing and responsiveness.

Depends on your market and competition.