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

Your lifestyle matters just as much as the numbers.7.

When you understand where these conflicts originate, you can build simple systems that prevent them before they escalate.It’s also important to recognize and understand the normal dispute-resolution process for real estate when the landlord is on the wrong side of landlord tenant disputes and the process and expense of accessing the landlords personal bank account. 

I didn't get the impression it was a mega hub of corporate lifestyle.

Short answer: Probably not much.Longer answer: The biggest tax write-offs from STRs here in Colorado normally come from 100% bonus depreciation.

My partner was younger and had a bigger "why" - young wife, two small kids and the need to leverage while I was going to make more than enough to sustain my lifestyle with my own (much less stressful) efforts.

At best, maybe an expensive private or alternative lender would consider it, but even that’s a stretch.In my opinion and most importantly beyond the financing hurdles, you have to ask why a seller is willing to carry a 30% second up to the full purchase price instead of selling the property in a normal, arms-length transaction.

If the rest of the house is solid, patching it ahead of time or negotiating a quick repair with the seller is normally the cleanest way to keep the appraisal smooth.

This will help you with holding costs that are higher than normal (not rehab costs), and a smaller out price compared to the next guy that sold for $5-$10K over that last comp..

Brian, that is a totally normal feeling.