Unfortunately interest rates are at 7 %, but that is still low historically... 

There are several issues at play IMO:1 - Increased Supply - I would not quite say saturation (at least here) but higher supply means more options to guests and lower prices.2 - Lower Demand - General Economic conditions coupled with high airfare cost and airfare hassle etc affecting demand.Luckily for us FL is growing and has a strong historic tourist economy.

It will all level back out closer to more historic trends in the end.

Historically, rent has been extremely “sticky,” where once they increase they very rarely fall significantly.

Al the best  Historically Los Angeles has produced better cash flow than Cleveland for long term holds. 

The fact that banks/investors were stupid/scared/desperate enough to lend money for 30 year terms below the historical rate of inflation doesn't mean current rates are killer. 

Those who take them rarely use STR historical data and base the loan on long term rents, usually with greatly reduced LTVs to debt cover.

10 Dollar house..This house was builst 1839.That is 181 years old.it is obviously a historic home.... 

On the opposite side, a buy and hold strategy is more likely to have a higher success rate since the target time window is much larger and due to appreciation, real estate and rent prices have historically gone up consistently.

Phoenix has generally expanded concentrically so investing in the out rings has historically worked out well.