I tell my Colorado STR clients they want to see annual STR revenues that are at least 10% of the purchase price.

I have a personal sign-up link, so if you decide to make the switch, use my link!

He is by far my most successful protege, but my second most successful is doing quite well and then I have a few who are making process to doing well. 

And once I finish the due diligence, my work is done: it's completely passive.

My local municipality is changing ordinances to be far more restrictive, and I notice a number of houses up for sale that were STRs.  

I've attended a couple of forums on the insurance issues, and my take away is that no one knows when it's going to ease up.

I talked to my property manager that manages a number of straight rentals for us and she was not familiar with  Pad Split. 

Thanks @Dell Schlabach , Yes, this was my 2nd flip. 

I'm under contract on my second house hack property and first duplex.

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.