But maybe not in your situation.Do a cost-segregation study, be operational before the end of year, ensure your guest's average stay is 7 days or less, that you do 100 hours of work on the short-term rental, and that no one else does more hours of work than you.

My plan is to provide the lender with the updated insurance policy before cancelling the seller’s existing policy, ensuring there is no lapse in coverage.

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

Are you investing for the lifestyle that it can bring, or are you wanting to scale up to a major player?

I'm also an amature golfer, and pickleball player.

Underwriting conservatively on older construction isn’t about being cautious; it’s about ensuring the property produces the long-term returns they expect without unexpected capital drains.

The "Rules and Policies" helps differentiate those minor livability items from the preventative calls you actually want to encourage.A clear, written policy upfront manages expectations for both parties and is the best way I've found to deal with a "needy" tenant without sacrificing responsiveness for the good ones.As a quick disclaimer, I'm not an attorney, so please check with a legal professional to ensure any policies are compliant with your State landlord-tenant law.

What’s your go-to way to ensure contractor bids stay accurate when financing is unconventional?

I worked with a transaction coordinator who handled the paperwork and ensured the agreement and documents were completed correctly.

In theory, electronic locks are a great idea since you keep add and keep a master code so ensure you always have access.