Where I'm at in Navarre (In between Destin and Pensacola) the short term market is highly saturated. 

.- Smaller properties are usually easier to off-load (more liquid) because our society is seeing very high levels of migration (people travelling or moving for work constantly) / people less inclined to partner / have families / people more focused on work / and pied-a-terre concept.- Condos are much easier to maintain internally than larger homes.- Condos are easier to manage as Air B&B than larger homes.- In the case of multi-family properties, sharing a home with two or three other families where everyone knows everyone can create issues if they don't get along as the close proximity doesn't allow for any privacy.Happy to connect with you and speak in more detail if you are interested in Massachusetts!

Based on what I see - I'm not looking to do STR in the High Desert right now.

With the recent appreciation, it made sense to refi back to a highly leveraged position and redeploy that capital to where it can produce higher return than it was achieving trapped in a property which was reducing the leverage.  

The unfortunate thing is that a lot of the super large PMs tend to run on super thin margins and aren't high quality.

Extremely impressed with his knowledge and highly recommend looking into working with him.

There are high yield funds and securities doing over 8% you can use if you want.Also, you could take the funds and do private lending at around 12%. 

The good news is that there is an unusual split in the market now, which won’t last forever, of which you can take advantage.Residential properties, at least in SoCal where you own, are still selling for relatively high prices.

I think you'll find that the '1% Rule' isn't applicable in most markets - especially those that are high demand - and that it hasn't been for some time. 

High liquid cash is fairly low as I am just finishing up a rehab.