I lived in Houston for a dozen years (moved last summer) and really wanted to make an STR work, but I just couldn't get there.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Last year it went from $99 to $149. 

And congratulations on your last semester, and thank you for joining the military and serving our country! 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Those chasing the last 5yrs experience are going to be rather sad at what the next 5yrs hold for them I think.

During the time deployed (last 4 yrs), I rented the home.  

When I have last minute cancellations, I still pay them.

Quote from @Victor Patel: I have went to many real estate and franchise conferences over the last 30 years. 

My company has gone through 3 dishwashers in the last 12 months and it has been an added expense.