Because to only list AIR stats is misleading...one of my properties only has AIR supplying half the listings.....I just researched the actual listings on AIR and VRBO and went with that.

I also have CPAs that I work with regularly and I’m happy to refer you their way.

The reality is supply demand   and how safe and easy is it to manage the assets.. generally speaking  in any larger MSA the high returns are in areas of much higher risk unless your on the ground.. 

There were several times that they found problems that a regular search of the public record for encumbrances wouldn't show (and the bank's title company was less than honest about it). 

Then call the local burnham or any boiler rep, or supply house and ask them to cross reference your boiler with an equivalent replacement gas boiler.

A regular rental is tough to cash flow in Fresno or Clovis especially if you want something decent quality but I'd think that's where investors can get creative with the investing strategies like short term rental, house hack and more.

I think you bring up some great points, that said, I do have a few follow-up questions:- In regards to the miscellaneous services mentioned, do you regularly experience other expenses falling into this category beyond the three examples you previously provided?

A market crash/correction is due if you look at history....but having said that, there is still the supply and demand thing.

In this case where @Juan Contreras only makes $25000 W-2 he might be under the radar unless he's writing off $100000 luxury trips, $100000 of office supplies, and $100000 of advertising or continuing education.

Unfortunately the building I bought in does not support STR but I still think its a solid play as a regular long term rental.