Tom so you wouldn't be as concerned about that element?

The first hurdle was convincing them to leave via cash for keys.

 My concern regarding an ongoing issue with my Stessa account.

If there is a tenant in the property expect that they will likely leave within 6-12 months after you purchase so you can expect to do a rent turn and budget for that.

You can measure the success of the brokerage by the number of agents that leave after a few years, to start their own brokerage, and whom become successful (some just leave because it's bad and try it on their own and never quite get it).

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

The first thing I want to point out is that it may be wise, in your thinking, to separate the property itself from the STR business that's being run from the property.In the old days (as recent as 10 years ago), people buy a vacation home to enjoy, and they leave it empty when not in use. 

Now were back to a mare normal world where a person has to have that skill of forecasting, analysis, ability to "read the tea leaves" for where it's all going and if todays acquisition makes sense. 

So, what does this leave the part time investor?  

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month.