-Creates a solid foundation for passive income, allowing you to reinvest future cash flow into other opportunities without as much financial risk.Cons:-Ties up a large amount of capital that could potentially be used to generate higher returns elsewhere (like another STR or other investments).

Without doing a deep dive explanation on this forum, I will say that everyone can play with numbers to create whatever picture you want.

Interest rates are changing every day. 

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After inspections and close to closing our refi, they msged me saying they changed their metrics and will no longer approve our refi.

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

After doing research on the market (see above noted indicators) and creating an investor deck (mainly to prove to  myself as the main capital provider.

Everyone has a timeline of when interest rates are going to change.

Maybe it's in my head but sometimes there are two LVP advertised online with the same thickness, but in real life one feels obviously thinner/thicker.

Sounds like things have changed a lot since 2016, and it's helpful to hear from someone who’s actively operating in the area.I completely get that this is a different market dynamic.