The 70% rule is a solid guideline, but in competitive and higher-priced markets like South Florida, sticking rigidly to it can be challenging.

The way to find it starts with testing and challenging yourself and your system.  100% during hot time is one thing.

In fact being current on payments is the biggest challenge to getting a short sale approved. 

I especially believe in this challenging RE environment that some realistic analysis is beneficial.  

@Breeya Johnson Austin has gone through numerous changes the past five years, both good and challenging.

And Sec8 sounds great, but comes with it's own issues.Add it all up you get a low dollar, but high headache strategy, which is a challenge that gets amplified, especially when you are operating remote.

Are you seeing similar challenges with rent growth?

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

I have spent 20 years climbing the ladder working for global corporations and that tends to always keep you challenged. 

@Ashish Acharya A big part of my post is highlighting how specific details in local regulations can make it increasingly challenging to operate short-term rentals, even in towns where they’re technically permitted.