The additional income from STR could justify the renovation costs, but it requires active management and market awareness.LTR or Break-Even Strategy: Renting long-term might simplify things, but if it only breaks even, you’re right to consider if appreciation is enough motivation to hold.DIY Basement: DIYing the basement could increase STR appeal without the full $50K outlay, especially if extra space attracts more bookings.

The BRRRR method and mid-term rentals are solid strategies, and you’ll find plenty of insights here to help guide your decisions.

I suspect because some are struggling with liquidity since  they are holding loans longer than anticipated because their borrowers are having difficulty refinancing off their books.  

Just pop over to kaiandrew.com, book a call, and let’s see where this could take us.

Don’t rely too much on others to guide you ultimately, there will be many voices that tell you how difficult real estate can be, about tenants who flush steaks down the toilet (has happened to me) and evictions in NY.

I've heard they take about 20% of booking profits...I'm wondering if anyone has any ideas and/or resources that I can look in to for different options for my home.

Sparing the fringe cases, most of these properties are literally over 100 years old and setting aside the 10% i mentioned above for repairs has worked well for clients.If you are dealing with a property that is 40 years old, that's pretty much a new build in my book haha.

I do a lot of direct bookings that take security deposits, but with Airbnb, they are always tough.

If you do 203k loan (FHA renovation loan), you can wrap the reno into the loan, but it is a bit complicated on the back end with the draws to the contactor.You are using a lot of book words that may not go together in real life so you want to start going to meetups in Des Moines and meeting other investors so you can see what they have done.

I was thinking about trying it to maybe boost bookings for our Wisconsin property.