I left a short message and my contact information.

Unlike long term rental, short term rental performance is very operator dependent.

My question is, should I feel safe and move forward with this if I buy good short-term rental insurance or in your experience what should I do to feel protected?  

Let me break it down for you in a more conversational way:If you and your spouse are currently limited in how much you can deduct from your long-term rentals (LTRs) because of passive loss limitations, adding a short-term rental (STR) can potentially open the door to a completely different tax benefit, even without qualifying as a full-fledged real estate professional.Here’s how it works:The IRS treats STRs differently if the average stay is 7 days or less—these aren’t considered traditional rentals, so the income (and loss) isn’t automatically passive.That means if you can prove material participation—like doing most of the guest communication, cleaning coordination, pricing, etc.

Have you reached out to a lender to see what your terms might be?  

A great way to get a feel for start-up costs is to get the paid version of ChatGPT, use the deep search feature, and try a prompt such as "How much does it cost to furnish a 2-bedroom 1-bathroom home for short-term rentals in Minneapolis, MN?"

@Juan Soria Feel free to shoot me a message and I can give you the whole 411 on Myrtle Beach and North Myrtle Beach short-term rentals.

La Quinta's short term rental future just got a little brighter as the city is reporting significantly less complaints over the last year (full story link below).

The lease is a standard California agreement that allows for a month-to-month arrangement after the initial term ends.Here’s the situation: the tenant has expressed interest in extending their stay only through the end of October, rather than signing a new 12-month lease.

Any advice on what my top offer should be on these terms would be very helpful.