As a host you can adjust your pricing based on demand. 

The business is so much easier once you get rid of the debt.Other people may think it's more or less but that is what happened in our portfolio (adjusted to your figures and excluding commercial) over 2 15 year periods from 1990 - 2005 and 2008-2024.

That is primarily because the cost of money (interest rate) is twice what it was two years ago.I suggest that you adjust your thinking about buying a vacation rental just a bit.

But, if you are not a professional REI, one adjustment I would make to what Katie wrote is that you would report the income (and deductions) on Schedule E (for rental real estate) since it is passive income, and you wouldn't use Schedule C. 

If it wasn’t then that is something that should have been noted when they disclosed, and my guess is  they are trying to get closer to the terms on the LE by going to a 70 ltv as that has fewer price adjustments.

Having just found out when credit is pulled and the appraisal is done in the loan process, I now think we may not be in an ideal position, and potentially not in a position at all, to take out a 30 Year Loan in the coming weeks.I believe adjusting course, at least temporarily, may be the only way to continue moving forward.

This highlights that the sector is ongoing adjustments to post-COVID realities and shifting economic policies.  

@Ian Hoover You still had to pay transfer tax on the adjusted assessment, didn't you?

You and a lot of other people that bought on tight margins with a low adjustable interest rate are in the same boat right now.

It also forces you to ask yourself if you are being effective and, if not, finding out how you can adjust so that you are.