Look out for old bus fuse panels and Pushmatics, again great in their time but internal failures and limited parts supply make them hard to operate and maintain safely anymore.

There was such a surge after covid that STRs were essentially the best investment you could make since the demand was so high and the supply just simply wasn't available at the time.

Think supply vs demand.

Also, when you are calculating returns, don't forget that utilities are in your name, you need to pay for internet and Netflix, paper towels, toilet paper, laundry and cleaning supplies, extra sheets, towels, pillows, etc.  

For example, a $135 dining table chair on Wayfair I found at a restaurant supply store for $65.

The fact that you travel for line work could satisfy a the UW's concerns or supply a letter of explanation.

Things such as; toilet paper, drinking water, pet supplies, linens and hot tub chemicals and cleanings that we didn't initially factor into our Pro Forma's..The costs of these are real, but even realer are the stocking, cleaning and preparing a space for visitors in a few hours between check ins.

Despite me supplying each additional document required within a day of the request, the entire process to funding and sale close date took until Aug 12, 2020. (65 days to close) Terms:25% down payment. 2.5% loan origination points on loaned amount, plus other closing cost1-month LIBOR index plus a margin of 3.75%.

In many ways, Lexington functions as an island in terms of development, with high demand and limited supply positioning it for controlled appreciation.

However, I do leave abundant cleaning supplies so they can clean during their stay.