Yes The utilities and common area cleaning are included into my expanded monthly cost. im modeling this closer to a hotel than a traditional rental.

This model (Dressbarn), according to Santarelli, was so successful that they duplicated it over and over again (37:44).

Time in the market is very important to long-term rentals and if you can learn to buy one good deal per year and become well-versed in Section 8 you will succeed.I like the model of starting with self-management.

Hey @Trey Holloway, there are products out there that fit the 10% down model, but you will have to hunt for one.I don't agree with @Jaycee Greene that banks don't finance STRs.

Hilarious, down to earth, and sharp guy with a great story and unusual business model! 

However, we understand that the STR model may not align with everyone’s goals, and we respect your decision to step away after a year.

This keeps it informal while also showing your expertise in both areas.

I like their business model.

Quote from @Bruce Lynn:All this I guess depends on how much risk you want to take or not take or can afford to take.I agree there is some risk with the PadSplit model.

But hearing your expertise is super helpful  as it's relevant to us here as we start our investment journey into MTRs.Have you had your place 90% rented most of the year, or have you experienced blips in vacancies?