Serious hosts that want to be in business for the long haul should be cultivating direct relationships where possible with a goal to OWN their business and not just be a listing on a booking site.My 2 cents.Mindy

if the deal still pencils with multiple strategies & you're planning to hold it long term, 20k over (in a higher cost market especially) will probably be chump change down the line. in general, it's good to not miss out on a deal just because you want a homerun deal. taking base hits get us further than waiting around for home runs. just keep in mind that if you have to come to the table with an extra 20k down (which you probably will bc the bank will only lend on the appraised value or PP whichever is lower), and you have to sell for some reason soon, you're probably losing that 20k. a risk you may be down to take if you really know your numbers, have multiple backup plans, and are in it for the long haul!

Depending on what your cash on cash return goals are, or monthly cash flow they may be more moderate, but the appreciation is in your favor if you buy in the right neighborhoods and are willing to hold for several years or for the long haul. 

We have good margins running it as a MTR, and we are self managing from the other side of the world so STR may not even be in our scope of capability at the moment, we are just toying with the idea. 

I have a job where the end is better than the long haul.

Been toying with multifam deals outside my comfort zone back stateside. 

I get the less leverage aspect makes you more vulnerable to the underlying house price, but the lack of debt gives you the ability to maneuver around that & its likely a high house price point will appreciate more than the average over the long haul but these are just two years in, you got to wait till really year 8 to start trading the equity. 

If it were my lease, I'd just add language in an addendum to clearly state it was under the month-to-month provision from dates x to y, now lease term is extended to ... and all other provisions still remain in effect. 

I don't use one of them, so I dismantled it and placed it in my trailer and hauled it to the city.

Take em down, cut em up, haul em off.