Does anyone have experience of setting up a STR while in the same position? 

I don't have personal experience with it, but when the app was first developed, I contacted the developer and put the app through a fairly robust test usage to see if it's something I would want to recommend to my clients (I'm a CPA).I think the app is great for its intended purpose and I do recommend it to my clients now (and have for about 18 months now). 

@Emily Gowen so as you pointed out you would not have to do a 1031 exchange on your current home to avoid the capital gains tax and coupled with what Dave Foster pointed out I think, speaking from experience you would have a high likelihood of success. 

I’m excited to share a bit about my experience purchasing and operating a laundromat.

Just thought I'd check here too to see if anyone had any direct experience with them. 

@Chris Seveney While I'm not at that level to be able to provide personal experience I will follow to see what others respond with.One question I would have is, 'What is your current loan volume today?'   

Having no experience is risky.

Baselane has lease, screening, and rent collection features too but no app but it's free.Has anyone had experience using either or both?

I think the before vs after pictures really speak primarily to your experience and ability to execute a project so it can help lenders gain comfort with future projects and allow you demonstrate what level of detail you except out of your contractors.

From my experience you should expect a 10% to 15% of gross revenue for repairs/maintenance.