For short-term rentals, the same would likely apply, assuming you offer what others don't AND you have a reliable way of screening for animals that cause excess trouble/mess OR pet owners who are not responsible.

Great guy and offers good stuff.

Combine this website with podcasts, books, and first hand experience (walking properties, calculating cash-flow, making offers, going through closing) you'll get a free education on REI. 

There are advantages and disadvantages to both strategies when deciding whether to invest in-state or out-of-state.In-State Investing:Knowledge: You probably know more about the rules, legislation, and local market in your own state of Houston, Texas.Network: It's possible that you already know contractors, real estate agents, and other people in your community.The Ease of Management: Especially when dealing with daily problems, managing properties in your neighbourhood may be more convenient.Out-of-State Investing:diversity: If your local market is competitive, investing in a different state may offer greater prospects and diversity.Affordability: As you pointed out, certain states could have more reasonably priced real estate, which might enhance cash flow.Market Dynamics: There are markets with varying development potential and economic trends that you may access.Taking Out-of-State Investing Into Account:Investigate the target market in-depth, paying particular attention to employment growth, economic data, and local real estate market patterns.Establishing Networks: Establish a local network of contractors, property managers, and real estate experts.

My parents deal with owner occ and those have been busy, multiple offers on many properties

This way, you are one of the first to contact them and offer a solution.

Hi Mike,a STR manager will generally take 15-25%, really depends on the market and services offered.

The project involved several agencies coming together, not only to fund it but to offer services to survivors, design the community, and more.CVS Health provided $10.6 million in funding for the approximately $16 million project as part of its goal to address social determinants of health, like the lack of equitable access to housing.

However, on move-in day, the tenant claimed the unit wasn't clean enough and refused to move in, despite my offer to clean whatever was needed the next morning.

Now I'm selling it and the best offer I received was $95k, conventional with no inspection.