But it doesn't mean you stop or give up, just make small adjustments along the way.

If only 1 agent, or none, then adjust accordingly.

Adjust your sights to 65% and below. 

and they are very likely to systematically monitor market rents on a monthly basis and adjust accordingly.The fundamental principle is that if you don't index rent for inflation every year you are essentially giving them a rent reduction.

Fannie/Freddie a few years ago changed the loan level pricing adjustments on investment properties and second homes to be exactly the same.

If they are going to be there post closing, at minimum have your agent do a final walk and take photos and video as you will now be the landlord and responsible to hold them accountable for any damage, so document.Once you get it up as a STR, you should go at least once a quarter to make sure cleaners are doing a great job and make any needed repairs or adjustments.

We aim for a target cap rate, say 6%, aligning with our investment strategy.Here's an example: if a property yields $1.2 million in income and costs $10 million, resulting in a 6% cap rate.Then there's the adjusted going-in cap, factoring in potential changes in income or expenses.

HELOC rates are fixed only for a certain period of time and then adjust on a monthly basis.

Any adjustments to the plan?

Tenants will adjust better to the small increases.