It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

I doubt even Brian Chesky himself knows the exact detail nowadays. 

Still gathering additional details, but looking to have it under contract within the month.

It served us well, along with the other detailed information they could provide, to make an informed decision. 

Can you go into detail about you ideas with creative financing or a partial refi?

Those details can ensure your projected $25K profit stays on track. 

@Ashish Acharya A big part of my post is highlighting how specific details in local regulations can make it increasingly challenging to operate short-term rentals, even in towns where they’re technically permitted.

If the higher end rent prices on comparable units take an extra month to fill the vacancy and also the tenant stays 1-2 years instead of 3-4 years on average those landlord make LESS income charging that rental price ESPECIALLY if they pay a PM a placement fee upon turnover on top.

Yeah @Kent Fang ching, you detailed a couple of the strategy actions we are doing for clients right now in MN. 

In practice, this could mean 5 extra days that no rent is collected.