Keeps costs low and guests satisfied!

One issue that I'm noticing is the range of reported insurance costs.

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

It has good integration, is cost effective, and the direct booking feature is pretty good!

Cost approach A straightforward method that adds the cost of the land to the cost of building construction.

Borrowing $200K at 4-5% will cost you $8000 - $10,000 of interest each year. 

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

@Jessica Seppo,Many people take the cost of an LLC and funnel it towards more insurance and an umbrella policy.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment.