If they take an extra four days to vacate, that's $800 in holdover charges.

Throw in some extra costs like moving expenses, professional photos (a cost the STR PM may also need to pay depending on the quality of the existing photos), renter's and lessor's insurance and a listing on furnishedfinder to round out some of the start-up costs.

I also have worked extra hard now to verify any lender I sent client information to.    

I recently earned my real estate agent license in California, and I'm just one exam away from becoming a licensed architect here as well.

Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.

I know in our case, we bought the investment through an intermediary, who I am certain earned a commission for their efforts.   

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Alternatively, partnering with a reliable GC can help you scale without adding extra responsibilities.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Should I stay within my Budget or pay more for potential earnings?