Hoping to use the internet as a resource as well.

That is a very saturated market for STR so I do think it makes sense that 1/3 is underperforming, but based on taking a loss now, I would probably stay tight and keep going because you have the set up in the area.

I'm located in Cleveland, OH and happy to help out with any questions you might have about the market!

All of the great places to find investment properties like meet ups and BP classifieds and local investors and the MLS will be where you go to market yours.

All the locals are competing for deals and there are a LOT more out-of-state investors looking to get into the market as well. 

You’ll definitely find a tenant for it as long as it’s marketed correctly.

INNAGO is a free tool that enables you to market your property, receive monthly payments, handle maintenance work orders, and offers additional features.

There are investors buying in every market every day.

-Single-family home sales declined 1.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 49 to 45 days;-Total property sales were down 3.1 percent with 10,175 units sold;-Total dollar volume was statistically flat at $4.3 billion;-The single-family median price edged up 1.5 percent to $345,000;-The single-family average price rose 3.6 percent to $443,970, which is a record high; -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;-Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.

The official source I was able to use is the National Association of Realtors site and it shows Multi-family market cap rate of 6.1% for 2024 Q1 (2023 Q4 was 5.7%).