You have to have a system set up for vetting guests, creating leases and collecting deposits and rents.

My policy is based on the goal of collecting enough to cover a typical amount of pet damage over a 1 year lease.

If all current builders collectively decided to get crazy and DOUBLE production, forget fact of the HOW like where are they going to get labor to double production etc., but IF they doubled production that would have to continue for roughly 3.7 years, consecutively, to have sizable market impact to hit tipping points in such. 

After researching VestRight and Cody Bjugan extensively, including other threads on this forum, his course/strategy sounds difficult but realistic and lucrative.

. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

But without an address how does anything go forward for collections?

However, I'm struggling to determine the costs of rehab if I would have someone do it like drywalling and more extensive BRRRs. 

Hey @Eddie Hincewicz, just an FYI, I did an extensive survey of a bunch of lenders and none of them would lend more on an operating STR vs a similar home.That does include if they have a permit.So anyone looking to buy, they would have to come up with the extra cash if the owner wants to charge more than the comps support.

The ones I saw were between 20 and McDowell which were updated rather extensively as I understand it.

Also curious to know if you all collect tenants' SSN, maybe  in case of future evictions, dealing with sending tenants to collections, etc?