Even though the nightly rate is high, the RE has such high value that the margins are fairly tight.  

It's about having an income that will enable you to maintain your current standard of living for life.

@Sanjeev Advani I’m not saying they’re all like this but since Circle K bought 3 local convenience stores they have never been able to staff them properly or maintain employees.

I have done both and they both have their positives and negatives - and their fair share of risks.  

Your partners become your advocates, your network grows naturally, and your opportunities multiply.As you keep scaling up, think about how to maintain those personal touches.

I don't want to maintain them.

I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

It feels like I have fairly long tenancies.

I'd hesitate to work with those, just me though.I dont know Spartan as well as I know others.. but I am fairly certain they are the actaul turn key provider and RW is a marketing company but I think RW does more than just TK .So in this instance CR is the BAlt based TK company ..

Fair market rent for these is $800.