Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

Emergency only.

@Reeti PeshawariaThis is a bit tricky to do since STR regulations are an emerging political topic so regulations are consistently shifting.

Somethings it even more expensive than buying a new construction in a class A neighborhood.The turnkey investments are not always the best option for every investor especially if you are just getting started and low on cash or you don't have reserve/emergency funds to deal with issues like maintenance and vacancies.  

I am only curious and trying to educate myself on sub to as it seems rather attractive to me as a non-US buyer who has access to emergency lines of credit, albeit, maybe limited to 200k. 

Preaching to the choir - god please pray that servicing can be automated and improved with the emergence of AI.

We are currently emerging them for Xmas in Malta.  

@Preston Dean I personally like to make sure I have a set amount of reserves for each property to cover things, so if you have a pool of funds sitting aside personally I would just earmark a certain amount that you don't touch except for that property (or an emergency).

But we’ve found that while they still stay quite busy they can always manage to come pretty quickly in an emergency.

We have retirement accounts, a small private stock market account, and an emergency fund.