No way we can get additional rent to justify this effort.

Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.

So you shouldn't count on appreciation to justify under performing STRs.

Even in philly in D class area it is tough to hit the 1% rule.

Fees should be clearly stated, easy to understand, and justifiable.

If you are borrowing $150k, rates will not likely drop enough for you to justify a refinance due to lower rates.

Quote from @Sherylyn Holden: I posted awhile back about the new short term rental rules in San Antonio here: https://www.biggerpockets.com/forums/530/topics/1200417-new-...Wanted to share a brief update on my experience and some other helpful notes:The city is getting serious about these rules.

Things like the 1% rule right off the bat, especially with properties that I know are undervalued, are good indicators of a "good deal."  

Hard money rates are really high right now, plus the rates once I cash out refi are high making it seem like the only option for me, but with the rates on both ends, just doesn't seem to justify.

Fees should be clearly stated in writing, easy to understand, and justifiable.