I think it's the "safest" type of real estate investing you can do, especially if your sister is living there and you can trust her to be a good tenant/co-owner. 

As an STR/MTR host and co-host in the Atlanta Metro Area, I’d estimate $15K-$25K to furnish a 3-bedroom well—think durable king bed, queen, bunk setup, solid sofa, and essentials.

I have a good PM Co that does me right, and they asked me to put them on my policy as additional insured.

My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

This means adhering to formalities like keeping detailed records, avoiding perceived co-mingling of personal and business assets, signing documents in a representative capacity, and, of course, refraining from fraudulent activities.

In NYC trying to compare like properties and eliminating co - op debt, co-ops will sell for 60% to 200% of a comparable condo.  

•Make sure they’ve got general liability and workers’ comp.

Seriously Disney for STR.Also all these regulations in CO surprise me.   

I am a co-creator of VestRight, along with Cody Bjugan.

Most banks done co sided STR rent as rent.