The number of STR their went up dramatically, absorbing the excess demand from Pigeon Forge, then the inventory (which also boomed) absorbed the demand and the market corrected.Its not doomsday, but the speed at which Sevierville boomed up created an apparent collapse when it was really just regressing toward its mean.

If my memory is correct, 2007 was when the real estate bubble burst and in 2008 property values in many US markets had fallen dramatically.  

Above all, know the street by street (house by house) details of where you are buying as these can dramatically affect your success... unexpected longer vacancy with vandalism can severely dent COC returns.Many on Bigger Pockets are far more skilled than me, but the most frequent commonality I see is that they use their very, very detailed knowledge and judgement of their market and network to buy below market - make $ when they buy the deal regardless of any leverage . 

Assuming the article is factual, wouldn’t the following be a better representation of the choices a landlord has for being named on a renter’s insurance policy:Additional interest - you will receive notification of changes to the policyAdditional insured - you can make a claim against the policy, but payout is likely to be dramatically less (and potentially zero) if it’s a matter of tenant liability.Would you actually recommend a landlord be named as “Additional Insured” over “Additional Interest” on a renter’s insurance policy?

Rewarding the highest-rated properties with an SEO boost and more bookings is good for everyone. 

The trick is to understand the neighborhoods as that can change dramatically within a very short distance.

Saving you dramatic details, I just don't think he wanted to do it to start with and drug it out when he should've bailed before we started.

The cost of materials and contractors can be dramatically different in a Wyoming town of 5,000 compared to San Antonio.

For the skeptics who say the region is disjointed and too competitive, this not-for-profit is an attempt to improve the situation.The association has started working with the Pocono Mountain Visitors Bureau who is recipient of significant sums to hotel tax money to boost tourism and the bureau has pledged to support STR as witnessed by their marketing dashboard on the PoconosMembers of the association value a thriving vacation home rental industry in the Poconos that strengthens the regional economy and maintains the character of vacation home communities and nearby neighborhoods. 

While it is important, I rank it as far less critical than providing amazing value to boost income.  .Income is going to be the greatest driving factor.