People are migrating from STR to LTR, and those who stay with STR will be rewarded by time, if they keep their documents and licenses up to date.

The Risk/Reward curve is real (as you take more risk, you should get a higher rate of return).  

It's a very rewarding journey.

Live below your means and the reward to paying it off is that you learn to live cheap and you will be able to buy that first property sooner!

I heard that 2nd tend to be risky with more reward.

. - awesome explanation of the risk/reward spectrum.  

If you don't feel you can reward yourself give it to someone that really needs it.

If you have the stomach for it, it's a very rewarding business but sometimes it can be scary, disturbing, challenging & sometimes down right disgusting.ENJOY!

It's up to you to decide whether you have the time/energy/inclination to do a higher risk, higher work-load method in exchange for potentially higher rewards, or if you prefer a lower risk, lower reward option.

And the law backs that up, they fine the owner of the property, not the tenet   Call it unfair all you want, that is the deal you make when you own property, it is one of the risks that is rewarded with cash flow.