We do not have serious floods, tornados, heavy snow and rain, frequent major hailstorms, big earthquakes, or extreme weather conditions.

Current strategy will be to build out as short term rental, 2br 1 ba.Still have not sat down to do business plan, admittedly this is my growth area, but I know its a necessary component to the journey.cheers yall, hope everyone is getting out to enjoy the weather this weekend.

Bottom line is 3% interest on $XXX is the same weather its in a HELOC or a 30 yr fixed.  

Comprehensive CoverageBasic Coverage: Covers specific risks like fire, theft, and certain weather damage.

We have also done window replacements and replaced analog thermostats with programmable digital thermostats.Interested to hear if anyone else has had success with weatherization/insulating and other energy efficiency measures.

In our experience you can get away with every 2-4 weeks depending on the weather and tenants. - Often, you can pay a tenant to do the cleaning.

We service everything ourselves (because we're cheap right now--please don't judge us too harshly).

While I have seen only good things said about PPR, one thing of concern is that even though they started  during the great recession they do not have a track record of weathering one.

Of course this would be harsh on the current owner, but this process is bad enough that it discourages participation which would result in lower prices (if there were not inside buyers).BTW drones are handy on virtually all properties. 

The larger unit will have higher maintenance/cap ex even with coastal environments being harsh on some items.I suspect your expense estimates are far too low especially if you kept the BP calculator default percentages.