in cash flow would cut it for me. i'd want enough to cover the mtg, but also R&M and a little for vacancy. if i can't do that plus have a little actual "cash flow" left over.... i'm still here :) if that's any indication. 

My fiancé and I are looking to buy our first short term rental property.

Quote from @Dawn Harris: We have a STR managed by a property management company.

This is how banks verify property owners maintain insurance.

I get nervous about it but then have to let my rational brain work and say, I own an out-of-state property and I own another property in LA.

That way I still have a primary residence and rental properties. 

Just replace the part with "YOUR APIFY KEY HERE" with your actual apify key.  

You can do a cost segregation study on pretty much any property you own as an investment. 

Your property management company can help once you own the property but up until then you need someone good on your side!!! 

I’ve actually eaten at that LazyDog, it’s in a prime spot, right near the mall, so I totally get why you’re drawn to it.