When the economy suffers as a result of too much of a contraction, debt payments are harder to make, etc, then go through the cycle of loosening it again, devaluing the currency so debt payments are easier to make, and banks can profit higher than before.

The liquidation is a bit of a process and will cost you money as a service, too. 

When you analyze a deal you make "reasonable assumptions" about how it will go. 

In the past, I've had success with pulling such properties from the market, renting them for a year to see how the market changes, and then making the decision at the lease termination as to relist or not.

I've had similar experiences with insurance companies inspecting my rental properties after purchase and making specific demands like repairs or adjusting deductibles based on their findings.

But surely people are making it work, as there are plenty available (as STR). 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

If that doesn't make sense, sell it and move on.

Definitely try and make it to a meetup - there are a lot of good people around with a lot of good advice.