When the first type of person chooses to self manage, they generally have a great experience, and they also get to pocket the extra 20ish% that they would pay if they hired someone else to manage their STR.

I would want to keep extra for reserves along with contingencies, plus if anyone in the area has stored away the 10,000 for a cost segregation details on that would be helpful too.

I marketed this property as a business - as it brought in 155K in gross revenues , could go to 180K with some extra work.I see many people who got into the airbnb game 3 years ago trying to unload now, almost at cost.

Grow your funds through extra jobs, part-time work, and teaming up with others.

There's "extra" taxes and insurance?

If the place rents fast then it works out on your side, if it takes an extra month then at least it splits the difference on lost rent.

The STR doesn't provide access to rest of house as common area so they have their privacy mostly.I'm sure you can creative with extra rooms, a garage turned living space, ADU, a furnished basement, etc.Good luck!

Not sure what state you're in but in CA I'd have to pay an extra $800 franchise tax for each LLC even if I set up the LLC in another state (I was going to do the LLC in Wyoming for anonymity using a registered agent). 

I would be grateful for any extra help/introductions.  

(Fortunately, we were insured)Emergency Fund: Always have extra cash for unexpected events.Tenant Support: Keep good communication and support your tenants through tough times.Final ThoughtsThis July 4th was a disaster, but it’s also a stark reminder of the unpredictable nature of real estate investing.