What are the largest pitfalls one may run into that turn this from a 150 to 350 ordeal?

That's exactly what I'm trying to wrap my head around.

Hi, just wanted to get some feedback to see if anyone has used the services of STRsearch.com. they look like they run a lot of analytics and help with figuring out what you need to do to find and run a successful STR.

It all comes down to running the numbers based on today’s market, not past assumptions.

I was running the Northland MAREI for a while.

Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

I'm curious, have you run into any insurance issues? 

My current goal is to analyze properties for potential deals on BP pro daily and start wrapping my head a general understanding of the process.