We borrow from our commercial banks and put in the loan docs if we have  another serious down turn we can take whatever standing inventory we have and term it out as rentals for 5 years ( so some dooms day protection).

@Mark Robertson I stand corrected. 

@theresa I agree.. the more I think about it, the more skeptical I get that even if the Dept of Buildings approve it as an Airbnb, if that's enough grounds to stand on legally if an Airbnb client reports/sues me because of, I don't know, a medical injury because of hitting their head on the short ceiling (even if I disclose info about the ceiling upfront on the listing).

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

But, I wonder if being an city-approved Airbnb host with a legit registration # is enough grounds to stand on legally if an Airbnb client reports/sues me because of, I don't know, a medical injury because of hitting their head on the short ceiling (even if I disclose info about the ceiling upfront on the listing).

and i stand by that.STRs, MTRs, seller finance, new construction, deals bought off market by experienced investors - sure, those could all work. but those are much, much more difficult for a brand new investor to buy on deal 1. 

Since you got an appraisal done about a year ago you can add about 10% to that value they provided to get an idea of where fair market value stands today as a ballpark.No appraiser I know is going to look at the HOA financials and factor that in, because they are only concerned with the asset for appraisal although we all know the health of the HOA and financials still play a factor in the sale of a condo.I'm dealing with a similar HOA right now for one of my listings where the reserve is at only 7% funded for what's needed for the budget and there is an upcoming special assessment for each unit. 

I think men are more likely to know how to stand up for themselves.4.

I couldn’t stand watching a portfolio of this size lose its relative value because it was 100% “safe”.

Not perfect as it can leave some standing water (very little) here and there but nothing a quick hit with a normal mop can't deal with.