Just another factor to consider - if you want to keep your monthly payments the same, do not under any circumstance swap the debt over to some other debt instrument.

Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

The hard money 10% plus additional thousands in closing costs was too much to swallow. 

An umbrella policy for additional liability. 

You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market.

The additions are usually small.Buy focusing on real high value places, you are putting yourself in a narrower guest pool.

If you do not feel comfortable pursuing additional growth, I'd wait it out just a bit. 

I would never buy a STR if the deal didn´t have either of the following, in addition to making sense as a STR: A. an obvious pivot (LTR, MTR) as my safety net if the market moves against me or B. have some additional RE benefit that would make it a deal using a different strategy ex.

@Dennis Bragg, how did you factor improvements and market appreciation into the buy-back price?

I’d recommend a consultation with an attorney specializing in these, in addition to an accountant.