None of the numbers you posted in the post above surprise me.

I'm not a fan of a surprise bonus because it kind of sets a future expectation.

Good Lord... can't say anyone should be surprised.

Every year we do it at our annual inspections, and without a doubt, we find some where tenants have removed the batteries, or removed the entire thing-- it's just common place-- tenants don't think safety.Another thing I'd say, and I'm surprised it's not legally required-- is adding fire extinguishers!   

There are ALWAYS hidden surprises like electric that got ran around the meter 15yrs ago, copper stub-outs off galvanized plumbing, split floor joists held together by nailed-in 2x4s, etc.

.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

When I converted my SFH from primary residence to rental, the process was surprisingly "turnkey" from what I recall.

My credit is 800 so it was surprising.

It's supposed to ensure there are no surprises after closing.

Just apply a few it has no cost to apply and see what get approved on you will be surprised they often do not even verify income fully.