The key is ensuring that even with a slight deviation, there’s still enough room for a healthy profit after costs.Regarding hard money lenders, many investors use them to leverage their capital and scale up projects, even if it means accepting reduced profit margins due to interest and fees.

For your first guests, go the extra mile—leave a welcome note, provide thoughtful amenities, and ensure the place is spotless.After their stay, send a friendly message like, “Thanks for staying!

You should learn how to analyze property to ensure it's going to pay for itself.A couple suggestions:1.

Also, learn how to be a landlord and manage well if you are managing yourself before you get too creative.

Nice work - have to get creative in the market these last couple of years

Prices haven't fallen, and rents haven't moved up enough.Investors either need to work harder, be more creative, accept negative cash flow, or sit on the sidelines. 

When I asked what happened with the applicant, they took weeks to inform me that squatters had moved into the property. 3) When I asked for a copy of the court paperwork they had filed (to ensure they were actually doing something about it and to discuss with my own lawyer), they reassured me vaguely they were taking steps while they moved slowly without telling me what exactly they were doing.

For example if they leave in the winter, I need to ensure the pipes don’t freeze.

I would just take into account that a lower down payment will mean a higher monthly payment so be sure to run the numbers conservatively in order to ensure your STR revenue is able to carry your monthly payment with this higher mortgage cost. 

I'm always impressed with people's creative ideas!!!