These are true STR expenses listed, not the typical “oh, you just have to pay for your mortgage and utilities” logic some “gurus” teach.

Our units are typically much nicer and more recently renovated than other units in my market.

I like connecting with lenders local to the areas because they typically have a larger network in the market and sometimes they're able to process the deal faster as well. 

@Armando Carrera research and develop your own typical tenant qualifications so you don’t accidentally violate fair housing, landlord/tenant or local laws on occupancy limits based on bedroom quantity/size required for kids, number of unrelated persons in one house, etc.

What is a good typical mailing number..i was thinking 100-200 letters would be a good response since these are a more focused target of people and proper research has been done.What has been your success rate from your mailings in response calls/completed deals?

This is typical with STR's and why we will no longer manage them.

@Calvin CraigIn my experience, deals that are not 50/50 (when both partners are putting in equal capital) typically suffer from the partner who has a lower % not being fully bought in.

A month-to-month rental is typically priced higher, which means you may be worth $4,000 - $6,000 per month.I highly recommend you research your market and understand the value of what you are renting.

But typically those properties go for high prices. 

Typically people receiving SS benefits won't qualify unless your house/unit is low income.