So you shouldn't count on appreciation to justify under performing STRs.

How do I know which questions to ask to ensure the property manager is performing at its best?

After listening to many podcasts with Henry Washington it seems like the MidWest has the best performance overall.Would love to find some seller financing as we would like to build our portfolio as quickly as we can. 

of course the sale of hurricane damaged houses also confuses the issue (my house had no such damage but is only about 4 blocks from houses that did). 

(aside from the 1 or 2 homes that have stunning overlook views).When building out your buy box, are you all using the averages, or are you basing your min/max on the cream of the crop listing revenues, even when there aren't clear reasons as to why they are performing so much better than others?

Quote from @Dena Sommers: I own a home that is too large to rent - no demand. 

After 6 months of non-payment, we were able to perform an eviction for this tenant.

Then many years for the equity position to be recovered.2) let’s go no financing and use 50% rule so $900/month after sustained expenses

we pay a LOT of money for legal advice, legal document preparation, etc., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.    

In my own experience, STRs take that most amount of time and have significant variance in performance with seasonality and YOY performance.