In that life cycle are costs like:down paymentclosing costsholding costsDeposit to contractor doing the work (rehab money is for completed work only)You'll pay utilitiesinsurance costsPrep to sell costs like staging, a deep cleaning, etcThe cheapest life cycles I see are around 25k. 

- upping your max # of guests somehow- "no cleaning fee" & upping the nightly rate accordingly CAN be a big driver of bookings in some markets- having your listing/pics done professionally (by someone who specializes in STRs)- a great outdoor area- if you wanna spend $, i'm seeing lots of people adding pickle ball courts & more stuff to do outside like that - having a car there that they can rent on turo for cheaper than the rental cars from the airport

I don't think most tenants would do a good job of keeping the door clean.

It forces people to stay organized.Chores - we had a cleaning schedule where we would rotate each week what had to be done.

If you're not overpricing yourself relative to the competition, and the unit is nice (clean, in good shape, etc.), then the only thing left it could be is your marketing.

There are more moving parts between cleanings, reviews, keeping inventory of a furnished place, bookings, new people every few days, people not understanding the difference between an airbnb and hotel etc.

You may not be able to back out of contract to save your escrow deposit and I’m no lawyer, but if you’re doing inspection and it’s totally jacked up and it can potentially clean out your account and portfolio.

In an attempt to clean up the industry, legislation was written by those who 1) had never been lenders themselves and had no understanding of the industry and 2) their biggest campaign contributors were big banks (look up Barney Frank, Chris Dodd, and Elizabeth Warren's campaign contributors at the time and you'll see big banks).

You can keep an eye on things just by doing your normal routines.

What about if I self manage and drive over to the property and spend 4 hours a week cleaning it out for 3 months prior to the renovation and it being rented out?