I have a tenant applicant who asked if I would consider replacing my existing washer and dishwasher to an energy and water saving model.They are willing to pitch some $ in.In my case, the washer was practically brand new (3 months) and the dishwasher is on it's last leg and perhaps could use an upgrade.Have you guys done this and do you shoulder the cost 100% as a courtesy or do you somehow split the cost in some way such that they enjoy the newer appliances but you don't have to incur unnecessary expenses?

You'll probably get others to convince you they can do a 75% or higher LTV but I think you should keep your head on your shoulders and feet on the ground.

But be aware that short term rentals have attractive rents during high season if marketed properly, and can experience periods of high vacancy during shoulder and low season months.

You will be able to do all the designing, picking of finishes, and watching the complete process with little responsibility on your shoulders.

We both work full time and have a newborn-- we don't want the tenants to KNOW that we're the owners ;-) I was hoping that the property management company could shoulder the maintence needs for the units and that the "50% rule" would cover the costs to pay their maintence workers etc.

Of course they will not but I wouldn't want to be looking over my shoulder my whole life waiting for boulder to run me over.

With Covid 19, lending in many cases is simply non-existent, in your scenario, you would shoulder this negative cash flow until that changes.

We’re all working professionals with a decent head on our shoulders, good work ethic, and limited RE investing experience.

Then you've got tenants that have a chip on their shoulder.

If they are uncomfortable paying $40 to get a living arrangement they will probably shrug their shoulders when it comes to other things around your property and will fail to keep good communication throughout their tenancy.