Additionally, don’t forget the upfront costs of furnishing and setting up the property for rental use—budget at least $10,000 to $20,000 for furniture, décor, kitchen items, and photography.

A few key items to know on STR loophole:1.

Where are you with these items?

Having control over these items is a must for me.  

What are the consequences of failing to disclose items such as unpermitted additions in a property disclosure agreement?

You won’t be responsible for any large maintenance items, like replacing the HVAC, and you can move at the end of the term without having to worry about market timing, showings, or closing a sale.

Start with an electrician, plumber and HVAC guy since this is how your project should start which is figuring out all of those items (Find guys at the trade specific supply yards)As you hire in the subs ask each of them for a good referral for the other trades. 

He has so many great insights and actionable items within his book.

He has given me a line item quote that includes phasing, budget for materials, etc.

But item here is you don't want to hire a property manager. pitfalls: some hours count and some hours don't 3. can't use it too much for personal use (14 days or 10% of fair rental days)there are many pitfalls and nuances so you don't want to leave significant potential tax benefits to chance.