If you want something more turnkey and very low price points, then you are looking at markets like Memphis where there is high crime.

You can do your taxes yourself but I guarantee that you are missing out on more deductions than the CPA will cost you.A few high level points:1.

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!

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

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

Has anyone had a difficult time with properties in high-crime areas?

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 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.

The beauty of this is he was parked my lawn with his business name on his truck, standing there when a Google maps car drove by a snapped the perfect picture of him working on it.