Reviewing their product page it does appear the $25/month is base with the marginal $1/unit pricing after that. https://latchel.com/emergency/So more economical as the portfolio grows, though very curious Your XP once repairs are triggered since most after hours calls would be “surge pricing” for any contractor they bring in. in 15 years I’ve only had a few of the stereotypical “after hours broken toilet” calls, but I know that’s highly variable by location and property class.

You could then get a HELOC/LOC on that paid of property (a product that doesn't require you to use it) and then if you did have a big emergency you had a line to use on it.Now, ALL of this is dependent on how much money you have in the bank, how many properties you have, what your income will be like in retirement, what the standard age would be for your end of life (that's a scary one to think about), and while yes, you can certainly take equity out I just think it would be good to sit down with a financial planner...or even some other investors that are local to you that are around your age demographic and see what they are doing.I'm glad you are thinking about this for sure.  

If your STR averages 30 days or less, this is considered transient and therefore, 39 years (nonresidential). 

Stay out of Endsley that's the worse area.Watch out for those turnkey products.

Or, at least the company's offering them in other states think Texas law would not look kindly on the product so as you point out they do not offer in Texas. 

I finally got down to analyzing deals, working with a realtor, etc. but I’m having a hard time investing in an STR when I know the returns I get from investing in more product in my business is exponentially more and quicker turnaround.

Hey @Raif HarrisTo get a solid sense of occupancy rates, look into tools like AirDNA or Mashvisor, which offer specific short-term rental data, including occupancy and average daily rates for different areas.

Even the valuation of these by MAI appraisers value them at something like double their average sale value.  

I find sewer lines to be one of those things that if you get 3 bids, they can be wildly different because some companies will recommend only what is necessary such as just cleaning out the roots annually for $150, or replacing just a small section that has an issue for $2-3k, while other companies like to recommend replacing the whole line whether it needs it or not, charging $20k every time they can get away with it even though the average cost is $5-10k (which is why some of these companies have a reputation for being scammers).

How much equity did you build, on average, each year you've held onto it?