I'd recommend having enough to close on the deal + rehab + $5k in reserve as a minimum. 

If you want to get into MTR or STR I have better markets to recommend.

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

We don't pay vendors by credit card or cashapp because it is far too hard to keep the accounting straight with a high volume of transactions to do that. 

It will be highly dependent on the district and licensing.

First, I recommend you understand the market.

Some folks have already given good advice, and I want to add a quick tip for how to get data on potential STR properties.

If someone was over during a high consumption month I'd give then a notice/warning for the first month along with some energy consumption tips then tack it onto the rent. 

@Rosmery Then PM me if you still need a few contractor recommendations. 

Quote from @Jed Butikofer: Unfortunately, it takes money to make money.With high prices and high mortgage rates, cash flow is difficult to find and we may not see a return to the 2018 market for a while.