I do have a fairly high percentage of my net worth (35%) in the PPR fund. 

.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

., property management companies aren’t legally required to carry general liability insurance, but it’s highly recommended for protection against bodily injury or property damage claims.

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

It's near Lincoln High school and about a 2-minute drive from 18th and vine. 

Coming from an area where rents are much lower (a 2-bed, 1-bath, 1,500 sqft rental averages $1,270/month), I was shocked by the high rental prices in Danbury.

PM fees are high, exactly because so much work is required in managing STR.  

I highly recommend an attorney to draw one up as each state and each property can have unique issues. 

I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality. 

Highly recommend you DM @Samuel Eddinger and buy him lunch to pick his brain!