Someone might bail on a HML secured by a vacant flip gone south, but they are less likely to bail when it's the home the investor's kids sleep in at night. 

(Or getting up to use the bathroom in the middle of the night)

Went home that night and had to have a couple drinks before I submitted that offer.....

When I got started I had a carlton  sheets video who used to come on late nights with his informercial and my best friend who purchased a property 5 months before I did😂.

MTRs tend to have lower nightly rates and deep cleans.

It will take a lot of evenings, nights, and weekends of sacrifice and hard work. 

While it was tempting to make a margin on cleaning fees, we believed it was shortsighted; it was far easier to charge more per night with great reviews than to pocket that money and deal with cleaner turnover and unhappy guests.No Checkout Instructions: We believed people were on vacation, and since we already paid our cleaning team well (see point 1), we didn’t feel it was necessary to ask guests to do anything.

At the end of the day everyone just wants a safe place to be able to lay their heads each night.

It consistently achieves 95-100% occupancy as a short-term rental, with nightly rates ranging from $350 to $550, generating substantial cash flow.

Sure, there were a few hiccups along the way (like when a shipment of materials got delayed), but with some late-night calls and a bit of creativity, he turned it around.On the flip side, turnkey properties offer immediate cash flow with less day-to-day hassle.