With real estate typically moving in 8 year, cyclical circles-  we should have seen a more balanced market from 2018 to 2020- but, nope!

I typically have some type of disclosure in the agreement written up with tenants on this type of situation..

Rezoned multifamily land trades for minimum $120k but typically as high as $175k once entitled.

I have not experienced foundation issues representing clients, and the 13k quote is in the ball park typically it is at least 10k (depending on what is needed).

It's easy for partners bring the capital to not realize how much time, effort and sometimes cost STR operators pour into their side of the deal.

If you don't have the "dough" you don't have the "go".Based on what you are saying you will need 20% down payment for a rental + closing costs + operating reserves (in cash).Most people will not have this--some will do what they need to do to get it--some will not, some can not.A good first step might be to save up as much as you can for a year in a special savings account--by living frugally for 12 months.Then explore down payment assistance programs in your area for first time home buyers of a primary residence--if you qualify (and the home is in a good area for your 'Family" vs Gunshot Alley, then buy a home for yourself and your family.Getting on the track of being a homeowner will give you some additional strength, after a few years of ownership, re-asses your situation.Or work 2 jobs and save the 20% down, closing costs and operating capital you will need, but if you do that and your wife divorces you for it, then you will be in a worse situation than you are now.In the mean time, [1] read Rich Dad Poor Dad, and [2] have fun with your family doing things together (while you have the time), rent a boat for an afternoon, go on a pic-nick, hike in the woods, etc...

What does this mean for STR operators?

No consideration of tax implications, the investors experience or aptitude for operating this strategy. 

These properties are managed by operators that have the knowledge and experience and constantly learn how to optimize the listing to rank higher and overall bring in more revenue.

Very weird... property taxes typically increase when there is a tax reassessment (renovations done, ADU was added, etc...)