Typically though as part of this cancellation they give you a time period to fix the issue.

(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR). 

I posted an update to my message which did not make it.

Truth be told, most will refinance their 5/7/10 year IO loan before it ever reaches the adjustable rate period.

Just to update this post, appfolio has done a ton of improvements. we are using it now, we have close to 700 investors and we have had ZERO issues with it.

Purchase price: $80,000 Cash invested: $25,000 I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but we wanted to see if we could increase the revenue by switching strategies and updating it).

It’s wise to have a financial buffer for periods without tenants.

Humans are social creatures at the end of the day and I personally like to know who I might be dealing with if they can either be a friendly neighbor, a nuisance, or beneficial in maybe keeping an eye out for you).Is it possible to update the gate so that it can open and close by itself and have 4 different codes to it for each neighbor to enter/exit?

A new pool and "instagramable" design updates should increase demand and pricing, but it’s all about how that’s being communicated to potential guests.

Ask about their process for keeping you updated.