If it was mortgages or low interest loans could be different.

Many of these owners will take very low offers for their property...and for good reason.

They typically charge anywhere from 5-10%, some as low as $40 per door. 

May your bookings be as plentiful as you wish, your guests be low-maintenance, thoughtful, and honest, and your positive reviews numerous.

@Thomas Loyola you haven't addressed the Class of property you intend to buy, so your assumptions could be too low or too high.Your biggest challenge is you are assuming you have to pay asking prices!

For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates.

I usually have found most of my contractors at lowes or home depot in the early mornings.

Some areas/neighborhoods are more STR friendly than others. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I buy where people want to live, not where property is cheap due to low demand.