It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

The highest performing short-term rentals have a design eye, their photographs weren't shot by an amateur's iPhone, and they offer more than one extra that others aren't (hot tub, sauna, views...).Create a differntiated Airbnb, and you'll outperform others ... be that first page or second or third.

Obviously this depends on the amount of your loan, when you start to pay the extra amount, etc.

For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

I will just be adding an extra loan which is what worries me a bit.I’m looking for away we can start small and grow as we continue.

Fortunately, the folks referenced in this post are no longer a part of the HomeVestors network.

He missed the target by nearly a month and we ended up paying holding costs, HOA, Utilities etc for an extra 6 months until finally selling in the spring for a reduced price.

I'd push back hard for them to honor their original LTV and greatly reduce the undisclosed extra loan fees, or switch to a different lender. 

Happy to help evaluate this opportunity if you want an extra set of eyes. 

Having it in both FL (my domicile) and CT (property location), created double the work and fees in both states.From what I can tell this isn't the right entity structure anyway, so I can imagine it was a pain with many extra costs!