Make sure to budget for any repairs that might be needed. 

Purchased for $290,000, put 25% and put $20,000 in repairs.

Co-hosting could be locally based i.e. delivering towels, doing inspections, managing repairs and maintenance etc, or could be virtual tasks like communicating with guests and coordinating things virtually. 

Have the tenant sign a Lease Amendment indicating that the tenant is responsible for the cost of installation of the charger, any maint and repairs, and also removal cost (if desired later by you or the HOA). 

(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!

Someone other than her would rent $1650+ pre-renovation and after repairs monthly rental yield would be $2100+, 3.

Also, be cautious of overestimating rental income or underestimating repair costs.

I faced challenges with unexpected repairs during renovations, but having a contingency budget helped mitigate these issues.

I faced challenges with unexpected repairs during renovations, but having a contingency budget helped mitigate these issues.

You can strengthen your position by documenting the repair estimates and the potential loss of income due to the disruption in bookings.