Not only will it estimate rent but it'll also estimate net rental yield and cash flow!

Therefore, long-term rentals can make sense too.As you hint at, because of the increasing property prices and the rents that don't follow (partly because of economic stagnation), rental yields have become unattractive in many places.

As a passive it depends on what we are looking for, a yield play or a value play.  

To answer your other questions more directly, the pros to the 2 areas are that the home prices are lower than our median price in ocala (around $145ish to around $160ish vs median of $180) and the rents are high enough to produce a solid yield ($1,200 to $1500). 

Now the fee has increased and the annualized yields are a bit lower, so I think it takes at least $200K to make sense. 

On paper it seems like a good deal (i.e. all numbers work out such that I will yield a 20%+ profit).

Property is in a good shape but mismanaged financially (rents too low, expenses too high), it’s yielding good cash flows already.

I would go into one of the high dividend yield ETF's, like VYM and forget about it.

In Wake County, OPEN has sold 12 properties since 11/1/2022 yielding at best a -7.3% return, but as Adam pointed out, that's not including cost of sales and any OpEX OPEN incurred.REIDTaxStampSale $PurchStampPurch $P Date% from Purch363387640320,000661330,5007/28/22-3.2%131911540270,000668334,0006/30/22-19.2%157669474237,000464232,00010/03/222.2%346705682341,000768384,0005/27/22-11.2%62377660330,000609304,5007/19/228.4%3543281012506,0001082504,1008/8/220.4%225648848424,000828414,0008/25/222.4%205746664332,000592296,0008/15/2212.2%213049678339,000858429,0009/23/22-21.0%337937650325,000776388,0007/1/22-16.2%405609768384,000909454,5006/22/22-15.5%414830553276,500670335,0006/28/22-17.5%Averages340,375367,133-7.29%-7.3%Totals4,084,5004,405,600-321,100-7.3%Times are going to be tough for Opendoor for the next two quarters at a minimum.

Plus yields on LTRs are pitiful right now … who in their right mind wouldn’t choose STR in this environment?