Very few succeed with this model and those who do are the contractor types who are driving around in their work truck putting out fires all day.

AND with STRs you have no risk of evictions (which can get to be real expensive depending on the area)  and most damages that guests do are covered by insurance (either through the rental platform it was booked through or sometimes the property management firm has added insurance too).As someone that build a large long term rental portfolio here in Illinois (I still have 40+ houses here) and somebody now building a portfolio in tennessee, I would definitely recommend looking at new construction in some of these str areas. 

I had an AO smith with long warranty,   It died at near year 10.  

Goes with the old saying, the best deals you do are the ones you don't.

90% of the deals we do are fully funded by hard money or cash investors.

I am not afraid of non recourse loans because I know the deals I do are solid and I am not concerned about failing.

The former developer already had them set, but never developed.Several utility items to do are Water and Sewer along the front road. 

Turnkey providers often exclude a lot of the "soft costs" that always come with owning rental property.I work with a company and all we do are BRRRR type deals in Detroit for cash investors.

The only thing I won't do are repairs that require an actual plumber or electrician.As a landlord here in Binghamton, I know it's hard to find someone to respond to calls or do miscellaneous repairs in a timely manner and without breaking the bank.

@Douglas VogelListsource is the best place in my opinion to get AO lists.