Markets that are growing in population, jobs, rents, and income - leveraging both demographic and economic fundamentals - all helpful risk mitigation factors- working with syndicators who've either experienced or witnessed deals go south - syndicators who are savvy enough to be conservative in their projections, set aside reserves, have created realistic sensitivity analyses, have good banking relationships in place - investing with these types of syndicators, with a track record through ups and downs, helps to decrease risk.

You've already had some really good, experienced and quality posters give you feedback.  

I have read multiple books so far about short term rentals and posted because I wanted feedbck from more experienced investors.

I am curious if anyone has experienced this and any insight on how to handle.

If it's in Seattle I'd assume there's some regulatory hair on it either way that would require an experienced team to get it done in a timely fashion.Finding capital for either probably wouldn't be difficult with the right plan and team, the time capital is being held as cash is very low right now.

And I could reinvest the rest of the money- but I’m seeking advice from experienced investors as I am so new in this area. 

I am not a very experienced investor, I have one rental property and have followed information on here, but this is my first post.

Good morning BP,I have a very specific question for some of you more experienced investors.

Feel free to add any advice but mostly I'm just looking for things an experienced investor should think about when considering pros and cons of diversifying into short-term SFR's. 

I'm estimating an evg rehab cost in the 30-50k range.Are other Phoenix investors experiencing this same things?