Not every STR has to be a 4 Seasons and even those I've waited on service before and it's not like someone was breathing down their neck waiting to revoke their hotel license when it happened. 

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.

While short-term rentals in areas like Kissimmee, Florida, can pay for themselves and offer lifestyle benefits, the ROI typically doesn’t match what I see from my traditional portfolio of long-term rentals in North Texas.That said, short-term rentals can still be a great choice, especially if you're drawn to the area and the opportunity to combine personal use with investment income.

Typically, structures are grandfathered under old codes and zoning in which case it would be called compliant, but non-conforming. 

Also go through a servicing company for payments to the seller, escrow can probably help you out with a recommendation for that. 

Hired part time admin assistant and 1/4 time services of book keeping professional. 

PM is a service business and time is very valuable.

I have a few good friends that would use me if I can service their HM needs.

You'd think 60 years would have cleansed all that but it hasn't.You might target social service and local agencies since this property was in the past a half way house or similar and was only converted to market housing to make the sale to you.

Spreads between conventional loans are typically 100-150 bps of the loan amount.