Colleges have "advisors", remodeling has "consultant's", real estate has "agent's", wedding's have "planners".

So in my mind STR is good tool to catch long term appreciation and REDUCE EXPENSE when folk is vacationing.For me it is as the following:if you like snowboarding you would buy in Tahoe or Denver or Aspen.if you like beach you buy in Hawaii, Destin, Panama Beach FL or San Diego.if you like hiking/forest you go to these Servier county,etc.The problem is if you don't have hobby and don't like to go for vacation LOLI cut 90% of my vacation budget by having STR, this is the internal profitability metrics LOLIf my own purpose is to make money I would find investment that yield 30% IRR and >1.5EM and I know it's not that in vacation market in 2023 lol.

Unexpected issues can pop up, potentially leading to budget overruns.

(see photos)There is a floor drain on the other side of the 2x6 wall(about 10 feet). so i would just need to tie it into this I am budgeting 20K for a brand new plumbing system for the whole house already since there is not anything in the house currently.The basement floor is already ripped out and down to dirt.

@Victor Saumarez there is no such thing as a budget surplus with an HOA.

My budget is $550,000 and I would prefer the HOA to be less than $400.

Most travel nurses are on a budget.

Definitely learned that budgeting the rehab correctly is sooooo important.

If you want to start sooner instruct your broker that you only want to spend the $450K and to stick with your budget.

If the property needs capital improvements up front, it is important that the amount raised exceeds the budget by 10-15%.