3) How well prepped was your property?

Well since your an attorney and have taken the lead..

I respectfully disagree with @Joshua Dorkin  as well.

Use the first 2 years as time to tweak and get the STR running well.

The one who got 2 doubled it as well.

These features can work well for both rental income and eventual flip opportunities when property values appreciate.For 73128, its proximity to Will Rogers World Airport and industrial hubs can attract tenants working in logistics and related industries.

In my view they made the correct decision and if you spent significant time recovering this cost, well I think we all know what that is. 

A-rated neighborhoods will not be affordable nor cash flow well here at under 300k.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.