Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

From what I see in your post, the only issue thus far is expecting 20% down on an undesirable collateral type to most lenders...Cheers!

*This post does not create a CPA-client relationship.

You posted your question a month ago, so I hope that you were able to get some help in the meantime.  

@Jay HinrichsNothing brings out “new” members like a GURU post.

I’ll start to do that ASAP, I appreciate you taking the time to respond to my post! 

Very new to the STR investment community but doing everything I can to learn and this biggerpockets blog has been super helpful so I thought I would make my first post.

.: A woman who inherited a home in New York City full of people squatting illegally was arrested and led away in handcuffs after she changed the locks.Adele Andaloro, 47, was placed under arrest at her $1 million home in Flushing, Queens.As the Post further reports, this is the latest such incident - which comes weeks after a couple's plan to move into a $2 million home in Douglaston, Queens with their disabled son was derailed by a squatter who claimed to have an agreement with the previous owner.In another incident, a squatter turned a Rockaways home into a 'house of horrors' with over a dozen emaciated cats and dogs trapped inside.Super unfortunate.

For me, it was posted in 5 days including weekends so it actually took 3 working days.  

Joining Facebook groups (posting properties on Facebook groups as well) and utilizing Furnished Finder, Zillow, Airbnb/VRBO (30+ day stays), insurance placement companies, etc will allow you to maximize profits/property potential and stay nimble.