When it comes to Steadily you must read all the fine print, since they tend to give STR owners a policy that explicitly say STR stays are excluded.

Michael, the E&O will most likely exclude coverage for any deal you are an owner of. 

Excluding taxes and insurance, your monthly payment is roughly $1,700 dollars a month. 24 months ago that same loan of 250k, with a 715 credit score on a 30-year fixed was hovering around 4% meaning you’d pay just under $1300 per month.

The town put a cap on short term rentals right after, but excluded certain areas.

Some properties are turn key, others are gut jobs.You need to decide how much money to put aside excluding the down payment and closing costs.

Finally, you could just exclude the note from the exchange and declare a 1031 on only 50% of your property. 

If we have to use that list, that's fine but I feel there are some other bigger-ish metros excluded like Nashville, Raleigh, etc.

It was a good/great investment but even with a $5m valuation on $4m of purchases my underwriting shows them as cash flow negative (50% rule shows about neutral but prop tax is ~15% of rent so 50% rule is too aggressive on these properties).in addition, my STRs/MTRs are performing their worst excluding Great Recession and Covid lock down.  

This essentially gives me an offer price that will allow me to receive at minimum, all of my money back after refinancing, excluding closing and holding costs.

It is typical for the landlord to pay the broker's commission, which is a percentage of the total value of the lease (NNN excluded), however not for a simple option renewal.