So paying the $2 extra for the juice, but being able to portion it out in cocktails that you can charge much more for... 

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

Some owners are willing to miss out on thousands of dollars just for a chance at a couple extra hundred dollars.

A HELOC is certainly an option if you could pay it off rather quickly or else you'll end up paying a whole lot in interest layer one. 

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

Requiring occupant to have renters insurance is another possibility for extra protection.

The inspections have become so nitpicky over purely cosmetic items there has to be an extra $1-2k per year to keep up with the punch list every 1-2 years.

I imagine a lot of areas maybe not the majority but a lot are in this same bucket.But like @Pace Jordan Morby mentioned the beauty of real estate is that there are multiple layers dealing in the buddle of rights and ownership so investors will find a way. do keep in mind there are firms that their entire business is to track mortgages like an actuary and rate them to give the servicers and the banks a read on how many loans could be in trouble when they could be in trouble and how much reserves they need. 

I allow pets and charge a pet rent of $35 a month, its nice bit of extra money and pet owners tend to stay longer as tenants.

With affordable property prices and a growing rental market, it can be a great option for long-term cash flow.If maximizing short-term rental income is your priority, a home closer to Nashville could be worth the extra cost.