I’d also add that your early days as a first time buyer are a bit stressful because you don’t know who to call for various issues that may pop up with the property.

It’ll help you analyze deals more confidently.Your approach is very reasonable—don’t stress about having everything perfectly figured out yet.

Performance often varies dramatically by township due to STR regulations, enforcement, and permitting requirements.Another area to stress-test is seasonality.

It is finishing the deal without stress.

Tenant behavior around security deposits is often completely irrational (I wish there was research performed on this subject), and the time and friction involved in fighting over relatively small amounts is rarely worth it.In your case, if the dispute is over $1,000, you really need to ask yourself whether that amount justifies the time, stress, and potential escalation involved. 

If the numbers still work after repairs, vacancy, and management, it’s a simple, low-stress way to start while keeping your W2

I worked with HomeTeamVR in a different capacity (as an art vendor they sourced from for the design portion).While I can’t speak to the PM side, I do know that other STR design companies tend to charge significantly less for design ($2 per square foot), sourcing ($12 - 15 per square foot for the decor), and install, and are generally more transparent throughout the process.Sorry to hear you went through such a stressful experience.

For Safely, I want to stress that everyone's needs and risk are different but I felt that the OTAs host protection coverage + my regular home insurance coverage (W/ a STR rider) was sufficient for my level!

At least this is what my underwriting has told me, I've yet to find anything retail that even comes close, most loopnet deals I look at come in at like 0.50 DSCR after stress-testing 

What was sold to us as a solid investment became a stressful, costly nightmare, and we sold both homes just two years later.Based on our experience, we strongly caution anyone to do very careful due diligence before trusting the claims made by Black Belt Investors.