While not everyone's going to create an Airbnb out of a 6-ton potato, her story does seem to have lessons for new STR investors. 

Bigger Pockets is a great place for learning and making connections.

I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality. 

Purchase price: $63,000 Cash invested: $23,000 bought for 63k as part of a 2 property deal from my handyman. 23k in it in closing costs and rehab.

I'll see if they have a program for this deal and I'll follow up with you. 

Please advise if you have a good agent to refer who specializes in multifamily.more precisely in these areas:NashvilleKnoxvilleIndianapolisCharlotteRaleighColumbusCincinnatiHi Joseph, I'd definitely recommend looking at Columbus Ohio for large multifamily and apartments!

Maybe another one is tenants may tend to stay longer as long as they are eligible for the program.Not 100% sure, but I don't think they always pay that FMR number. 

thanks for that shout out @Bill B.. 

When we bought it, we made sure there were no leasing restrictions in the HOA rules.Now, we’re are notified that the neighborhood is pushing for new leasing restrictions, and it’s not just about Airbnb—it seems like they’re trying to limit long-term rentals as well.

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