Just a few challenges, The 4 bedroom house was not properly equipped with fire and safety equipment.

Tattoo it on your arm.

Rates are a tad higher but if you take a 3/1 or 5/1 ARM non recourse loan, you can actually get a solid rate. 30 year fixed products I would consider to be significantly higher.

That safety net helps.It’s not a bad deal, but yeah — margins look pretty tight once you bake in all the “hidden” costs.

@Scott Mac the right to keep and bear arms has no requirement to be in a war zone 

Each has different price points and guest appeal, so it depends on whether you want higher ADRs or steadier occupancy.Regulations: The City of Fort Lauderdale requires short-term rental licensing, inspections, and compliance with safety rules.

The built in equity gives me a safety cushion, I would pay close attention to "return on equity".

I'm not comfortable letting people just come by and tour it on their own primarily for the safety of the current tenants. 

Maybe you could help the OP find a place there  Houston has updated its short-term rental (STR) regulations, effective August 1, 2025, requiring hosts to register their properties annually with a $275 fee and comply with safety standards like smoke and carbon monoxide detectors.

Then you can refinance in -3 year and lower the rate or convert to a 30 year term or other ARM product.The FED will continue to cut the Rates and mortgage rates are already in the mid to low 6's for investment properties.