This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

The only times this makes sense is if you are in a really hot market, especially seasonal ones where you might have 100% occupancy for the summer months or something.

Hi Ven, I personally consider properties that at least cash flow with full occupancy. 

Again, at another $20 per unit higher it will be worth another $685,000 at 90% occupancy= $616,00 more value.  

I emphasize the importance of utilizing professional photos, videos, and online presence to enhance property visibility.

Plus, having a fully paid-off property could be a nice safety net if the STR market takes a hit or occupancy slows down.On the flip side, if you’re eager to grow, saving for another property could be the better play.

If you decide to revisit STRs, you might want to explore properties where you can project expenses independently, such as using local STR forums or online tools to estimate maintenance, management, and occupancy costs.For networking and strategy-building, you might find local meetups or groups beneficial.

you seem to want to focus on 100% occupancy.

OccupancyMost lenders require a minimum occupancy rate of 85%.

Look for any clauses about rental caps, short-term rentals, or owner-occupancy requirements.