I'd say that still stands in the better markets, but it's important to try to base your comps on deals that have traded in the past three months, especially in July/Aug/Sept, since those buyers and sales prices should be a real barometer of where pricing is at, since around May is when we slided into a slow-down. 

So now the market is correcting the prices are rising, the margins are narrowing and the winners in STR will be those who excel at management, marketing and value add.  

@Eliott Elias EXCELLENT advice !!!!!!!!!!

What I like about errand is that the rent collection has excellent reports something you will need desperately desperately if you get tenants that partial pay or late pay you'll need a way to add up everything they've paid monthly and then annually for taxes.

Value Add, Cash flow and excellent exit strategy How did you finance this deal?

Excellent work!

And done right will provide an excellent return.Easiest, least risk investing might include a REIT or now an ETF but they do not really offer any tax advantage.

I'm an out-of-state investor and was looking for recommendations on a good property management firm that provides excellent service to tenants and charges reasonable monthly fees.

Hone is in excellent shape - new roof, floors are perfect- just a time capsule from the 80s.

Based on my experience in Brevard, I have been able to get a lot of hiking and climbing in, as well for access to places like waterfalls and sliding rock, a well known attraction of Brevard Are there any pieces of data that you look at when trying to figure out how often places are rented out?