-Interest-only payments, which help manage cash flow during the renovation.

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?

I am reaching out to other OOS investors how do you manage your rehab when it is way past the timeline.

The allure of fat cash flow (at least on paper) and the low barrier of entry (down payment) never stop attracting new investors. 

When you say a live revenue manager, what do you mean by that? 

I used to help manage 30+ STRs in the city with a McSwain Management.

Instead of a co-host can you just get a property manager that specializes in it?

Cash flow depends on the down payment, but using a HELOC could keep your cash reserves intact while you get started.Make sure to build a reliable team (property managers, agents, etc.) to help you manage the property while working full-time. 

Been with a handful of property managers during that time.

I was one of the few lucky ones with Safeguard as I was able to take over the management of the loan and modify it and then got a payoff.