What assumptions are you stress-testing the hardest right now?

If liquidity is tight, I’d either renegotiate the price or look for something with stronger day-one cash flow so the deal feels less stressful.

Lease options, when done right, tend to decrease risk and increase profits.  

This is really a capital allocation decision.In today’s rate environment, putting more down can improve cash flow and lower stress on the deal.

The same can be said for the other boroughs and surrounding suburbs.It is still totally realistic to get started but it seems to get more challenging each year due to flattening or decreasing inventory (leading to higher prices).Uptown is the best option for househacking in Manhattan.

But once portfolios grow, the hidden cost is usually time, stress, and operational inconsistency — not just vendor pricing.

Most landlords do this at every turnover anyway, since you never really know how many copies of a key exist.It’s a tough lesson, but going forward, a written lease and a deposit, even with friends, will save you a lot of stress or prevent you from this kind of headache.

I can't decrease it, but I can avoid adding to it. 

And even then, guests might still complain and give bad reviews- Necessity to discount- Price war between the many STRs affected and competitive disadvantage compared to the already established players.The result: lots of stress and much less rental income.As we know, LLMs can make mistakes and hallucinate so I thought I'd ask the short-term rental experts out here.Many thanks

A bigger cash cushion reduces stress when vacancies or surprise repairs pop up.