So, typically you as a principle have to personally guarantee the loan.

Unfortunately, I have to admit to knowing very little on landlord tenant law or ethical practices.I requested a 1 month early lease termination for Feb 29th and asked my landlord what my options were.

That'll serve you well if you can couple it with an obsessive work ethic and discipline to live below your means. 

These are professionals with additional training and a stricter code of ethics.

The ethically correct thing to do would have been for Kirt to communicate to us during our initial consultation that we were not a good fit for the program given that we were already too advanced.

The ethically correct thing to do would have been for Kirt to communicate to us during our initial consultation that we were not a good fit for the program given that we were already too advanced.

I would never pay a tenant for their keys back as a matter of principle but this one I would probably renew.

This is, obviously, the worst outcome that could happen for all parties involved.There is a very famous saying that has become a key guiding principle in real estate fundamentals: Money is made when you buy.

All of the general principles applying to other types of real estate are applicable to STRs.

There are risks and challenges with any investing strategy, so it’s good you’re looking to find those out on the front end but don’t let that stop you because most of it can be avoided with following good advice and adhering to sound investing principles.