It takes time to build up the reputation, even in a popular area like Sedona.Sedona does have a ton of STRs but it sees in the neighborhood of 5m visitors a year so I wouldn't worry too much.Getting on VRBO is a must IMHO.

It's a great starter property, so you can work out the kinks, figure out management, and build out your team.

My guess is because new and improved buildings have been built?

While shopping for a small multi-family building (3 or 4 units), I would like to get an inspection of the building to get an estimate of repair costs if any problems are found (foundation, roof, electrical, plumbing, heating). 

To me, you'll have to try 2-3 months and run through an underwriting exercise of a building/properties about 10 times on each one to understand the true pros/cons of each model.

I had already factored in self management...I’m just wondering how people do just continuing STR over the winter months.

DSCR loans typically have higher rates, pre-payment penalties, and may not let you pull as much money out as you would like because they will be based on 2 factors: the appraised value of the home and how well the rent coming in can cover the PITI payment each month (Principal , interest, tax, insurance). 

The long game the appreciation is where you will be building more wealth than a 500 or 1000 per month cash flow. 

I know there is a lot of variance, but what would be a good baseline threshold number to compare quotes for building a 5/5 house in Atlanta GA with average finishes nothing fancy?

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