A short-term rental needs to be kept in top shape, and guests break thing, stain sheets, scuff up pots and pans, lose beach towels, etc. etc. etc

Throw a couple pot lights in the bulkhead while you’re at it and make it a less ugly “feature”.

Would the tenant's renters insurance cover illegal activities like pot grows or meth labs that might severally damage the property.  

By net, I mean we only use 60% of the total.(4) Always be wary of people approaching you with big promises.We have found that once they know you have money and are in the market to invest, the conmen and dredges of society will gravitate toward you looking to con you out of your money. 

I have had issues like them asking me to move a sprinkler in the yard, put a bucket under a leak, make the bed because I didn't have time, we will bring a new coffee pot over tomorrow, etc.

Once you pay for the materials, contractors, carrying costs, taxes, etc the net is $15,000.

I am relatively new to investing but it sounds to me that there are too many people trying to stick their hands in your pot.

For a simple example, if you pay $1,200/mo for rent, but find an out of state property that ultimately returns $500/mo in cash flow, your net is a negative $700/mo.

The idea of BRRR is that you're recycling the same pot of money over and over again.

Now instead of recycling the same pot of money over and over, you are replenishing it yourself.