We should see a little more inventory once the lock down ends and sellers find the confidence again to show their house to buyers.

The market that works best is where the numbers make sense for you, where there is a large tenant base so that your house does not sit vacant and finding the team you are not only most comfortable with, but also have the most confidence.

This tenant has done this before, I feel confident.

Looking back I am still confident of the decision and have 1) outperformed the 401k, 2) have control over assets, and 3) am much more tax efficient.  

I think some people get their RE license as a way to understand the industry or as a confidence building badge of honor.  

Well, I am fairly confident that, if purchased at the right price, STRs will make money in this area. 

That said, if you are confident in your own strategy going forward and do the math with scenario planning it might be a good option.

We've been having tenants apply through our Cozy.co listing as well as purchasing the credit & background check ($40), which is sent directly to us - it's been very convenient so far and is how I retrieved the info based on this post.Thankfully we're in a very comfortable financial situation and able to float the mortgage indefinitely, which gives me the confidence in passing on less than ideal tenants and keep looking for a quality tenant.

As long as you are confident about your numbers (which ought to include reserves, management, debt service) this would be a solid deal.

If it's something you feel comfortable buying and you're confident about the market including the numbers, it's worth looking into.