Will be far easier to purchase more property with 10% downpayments vs 20-25% for each one.Umbrella insurance isn't too expensive, $2M for $1200 per year.Just be sure to run the properties as a good business, address any concerns brought up by the insurance company (they usually do annual inspections). 

Figure that out and you'll have a roof over your head that pays for itself while you accelerate savings and repeat in 1-2 years.

There is almost zero chance that you bring this issue to a head and they sign a lease with a good future prospect for the tenancy.

I'm keen to connect with fellow STR owners in the area to gather insights on the ease of finding cleaning services and associated running costs.

That doesn't happen when they have a fist-sized hole in their chest or head.

@Nathan Gesner hit it on the head here.

Most of the time, you're not doing anyone any favors by keeping rents too low - you're running a business and taxes / insurance / HOA / Maintenance are likely to continue to increase.

Been here before with Akron code and got a complete run around.

There's a high chance that you are feeling FOMO from the returns in public markets, sell your houses for a loss, pile into stocks, and then see mediocre performance while real estate heads back higher again.I see this, and similar actions, play out over and over.Personally, I'd stick with the real estate rather than selling it.

This can help with limiting the time your unit sits vacant.These situations can get tricky, but I always recommend staying level headed during your interactions with the tenant.The worst case scenario is the tenant ends up unhappy that you don't want them to break the lease early and/or they don't want to pay for an early lease break (hopefully defined in your lease agreement with them) and ends up damaging your property, costing more, prior to their actual move out date.