My takeaways:Demand and supply both grew YoY, but supply outpaced demand by about 5 points.Due to inflation, ADRs were up about 5%, essentially keeping overall revenue flat.Some data is pointing towards stronger demand for nearby, hunker down with the family during flu season types of destinations versus out and about beach vacations (when compared to prior year) as winter settles in.Growth for future bookings is still positive, but slowing

You currently don't even know if your current home can be used as a STR, so slow down until you figure that out.

We are in the slow cycle of real estate so we are not so concerned as it will pick up in the Spring, right!  

Reserves for slow months?

watch Tarl Yarber's YouTube videos for a good deep dive on all costs.Hope this helps

I'm sorry for your loss.I would be incredibly slow to take on any new debt until you get your bearings on being a property owner. 

You have to buy a property below market that can be renovated and then appraise at a value high enough to get all your cash back out, plus the house has to cash flow as an investment.I highly recommend you read up on it and fully understand it before you get in too deep.

@Chris RomeroNot sure where you are but boy I hope you have deep pockets.

Also, you mentioned multifam in a less desirable area--not only would the lower grade area inhibit appreciation, but it being a multifam would also likely slow appreciation (single fam properties tend to appreciate better) Moreover, properties in C and D areas are notorious headaches, and are very difficult to manage (even for experienced pros)--since you're starting out, it's probably a good idea to start with the easier of the strategies (which is a property in an A or B area).I am a huge proponent of house hacks (whether you do a live-in rehab or not).

We found it through our realtor on the MLS, we were able to negotiate the agreement down due to the slowing market, the time of year, and the previous owner's motivation to offload a vacant property.