Frankly any area can be a great STR area if you buy the property great and there is a big draw.You can't go wrong with a lake front, beach front (or near), major skiing or high mountain getaways. 

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyYour 2nd challenge: you're probably hiring the wrong type of PMCs!

Is it wrong to just kick someone out like that?

Know what sells there, not what you personally love.Underutilizing Leverage (or using the wrong kind)I’m biased since I work on the funding side, but too many investors either overleverage or tie up their cash when a short-term loan could’ve preserved liquidity for the next deal.Curious to hear from others:- What rehab mistake cost you the most?

I've seen a large surge of multifamily development deals come up in Alberta over the last 4-5 years. ( for the seasoned investors ) In your  opinions this market - is it too late to start getting into development whil...

I’ve never needed all that.”And she wasn’t wrong.

Jean There is nothing wrong with a Nevada or Wyoming LLC setup, but the need and advantages are way oversold.

., then you are in the wrong business as there is a lot of this type of risk in real estate. 

landlords/investors that buy into low value C D assets in toughest parts of the toughest towns in the US are clueless of how their tenant base lives their lives and they try to manage the manager like they own a A class home with a 720 plus fico tenant and live like they do. they just dont know what they dont know and have no clue as to how the lifers ( life long tenats ) live there lives so when these issues come up with their properties they will many times make the exact wrong decisions regarding them and make their issues worse How can we get your message to the masses?

And as reality sinks in, they blame the market, the platform, the cleaners, this that n the other but never ever dare question if their thesis was wrong, if there assumptions were wrong, if the business plan was set to fail from start.