It costs me $1,500 to evict a tenant with it usually taking two-three months.

So, by transferring income from a rental schedule E to a business schedule C you're creating a significant extra tax.

I would have to get with the property manager and mimic the exact plans they have set up in the lease, all of which were probably customized by the PM to get a few extra dollars.  

I agree with Nathan (don't forget to price running extra water, sewer and electrical lines).  

At this level of scale, it is almost the same as running an extra unit.

Depending on the state, when someone rents for a certain amount of time, usually 30 days or more, they become long term tenants in the eyes of the law, and they acquire "tenant's rights". 

A small investment in the storage areas of your flip will show buyers you went the extra mile.Curious to see what everyone thinks!

Rates will usually be in the Prime + 3-4% range if you are trying to max out how much of a line you can get.  

They offer invaluable insights into neighborhoods, regulations, tenant demographics, and market conditions—information you can't get from books or podcasts.The good news is that working with an investment team typically comes at no extra cost.

Well, STR can work well for people who own a vacation house for personal use, and just want to generate some extra income when not in use.