Typically speaking 20% down (80% LTV) is the bare minimum that commercial lending requires.  10% down is unheard of unless you are getting a great deal and negotiate some small seller financing in second position or getting an SBA Loan for acquisition where your business will occupy over 51% of. 

However, what I've learned is that for the most part, if most of your bookings are with guests that have a positive history (Airbnb/VRBO), your rates are competitive (to possibly slightly higher because you stand out, offer more, etc.), and you've made your House Rules clear, then don't sweat the small stuff.By that, I mean- you'll have guests who have 5-star ratings but can still leave a mess or damage (other owners didn't report accurately or it was complicated) but you have recourse via photo evidence (your cleaners, etc.) to ask for reimbursement (or use something like AirCover, etc.).

@Blake Kirby You're in a great position and you'll get lots of feedback here that can help you decide your direction.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.

This decision not only maximized immediate profits but also enhanced positioning for future investment opportunities, demonstrating adaptability and a forward-thinking investment approach.

So my cash flow is poor for my equity position (it would be poor even if they were all LTRs, but better than it is with 2 STR and 2 LTR).  

So I am not very familiar with PadSplit @Najhae Robinson.All I know is the neighborhood backlash, the nightmare stories and the like.I have heard nothing positive about it.Oftentimes they violate the STR restrictions in cities because they will rent to anyone for any length of time.I would never look at this as a business model personally.

Adjusting for it allowed him to realize his property’s ROI was still positive but not as high as initially hoped.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).