A surplus is not always created by exceeding the reserve.  

And I guess if your always paying cash and can hold long term that might be true.. but you bring in all these payouts up front and debt behind it and that creates the risk.

Specifically, creating a video that other agents in your market can use to post. 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

You can also create a basic scope of work and get ballpark estimates from contractors or use cost-per-square-foot averages for your area.To determine ARV, look at recently sold comparable properties in the area that are similar in size, style, and condition to what your property will be post-renovation.

Quote from @Michael Izbotsky: @Ashish Acharya My SMLLC was created after we married, so couldn't that argument carry over that the LLC is "owned equally by both spouses"?

I have also been told by multiple people that I should create an LLC or Trust. 

I told the manager I've managed a portfolio of short-term rentals and that my previous landlord allowed me to do it and loved that it created an incentive for me to take exceptional care of the property.

And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.