This approach balances guest convenience with managing costs and inventory.Happy to connect and share more tips!

Likewise, a property manager should be added to a landlord's policy.From my blog: What does it mean to add your property manager as an additional insured?

Daniel,If its something you really like from all accounts, get with an inspector and property manager to give their thoughts on the area, condition of the property etc...

For STRs, properties near the beach or downtown tend to perform well.Start Small and Smart: If this is your first property, focus on something manageable.

I will be furnishing one side for now and leasing to a mid term rental until i get a property management company that will work the property or get it leased out to students What was the outcome?

In addition, due to them being eligible for conventional non-commercial financing they typically have lower cap rate than 5 units and more.  

I am based in NOLA and have a great property manager.

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

Then refi into conventional or commercial loans, probably need a mix of lenders.

@Chris Seveney We don't plan to make money by managing the fund.