The GC and the sub ended up sharing in the cost mostly (I think) because it was better than the finger pointing game that had already started, and realistically the attorney's were the only ones about to win...

I'm not sure why that metric has held true but it still applies, the properties that perform well above that ratio are the owners that treat their STR like a business.

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

@Jason Sung, common sense says that yes it is true.

I love that one Don  so true.. 

It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.

We're probably not going to take the risk if we're busy agents to play that game. 

. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.  

But the inverse is also true.

This is true for me anyway.