you can read for free if you have Kindle Unlimited.He also has the syndicated deal analyzer tool (for purchase) and a forum and a bunch of videos to help you learn the process.I'd also say best way to estimate expenses is to look at a whole lot of deals. 

I have a few short term rentals, and they are incredibly popular.

I am curious to know if anyone has recommendations regarding which tools to use for estimating rental rates for investment properties.

I agree with Account Closed that STR wasn’t as popular back in 2008 as it is now.  

Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators Please let me know if I can help, and best of luck!

It’s kind of a gamble but I guess you can make an educated bet based on the market, supply/demand, and the quality of management.If you didn’t do that then I do think they’re due back their deposit.On the positive side, it sounds like you have a nice property in a popular area if it rented that quick..Best of luck! 

They are a nice little tool to give you a quick method to calculate cash flow on a property, while also being fairly inclusive of the expenses. 

As I think of all of them tools in a toolbox.

This is exactly what you explained, so I honestly feel you have answered your question with your response.But I agree with you here, our central bank has the policy and tools to change the outcome as there is no peg to the gld std and we can print our way out of this as long as the dollar serves as a safe haven asset and I think we have quite some time left before that changes.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.