This is largely due to major companies such as Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the area and creating numerous job opportunities. 

I think with the turnkey model we rely pretty heavily on the company to know which areas to absolutely avoid.  

These collars can run beyond deals, since they are on Fund level debt, and there have been times where markets moved where they were heavily in the money on their puts and sold to othe groups.  

Commercial properties are indeed valued based off market cap rate and NOI.They do take price per door into consideration but the income is more heavily leaned on.

Are there any lesser known STR markets that aren't heavily invested in yet that have a lot of growth potential or just great cash flow?

I've been developing a software program for analyzing all types of real estate deals and have been working heavily on the syndicating section.

So the area as whole is becoming heavily rental only with little appreciation and rent increases over time.  

This is largely due to major companies such as Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the area, creating numerous job opportunities.

You may choose a lower threshold, but keep in mind that smaller cities tend to rely more heavily on a single industry or company.

This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities.