Our average market price for a solid 1-4 unit rental is around the $150k - $175k range.

Avantstay, a newer entrant in Houston's short-term rental market, offers owners a range of services, including impressive marketing, thorough guest screening, and comprehensive property management.

Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.

Things like a new roof can range - here in Philadelphia where i do a lot of work, our flat rubber rowhome roofs are fairly inexpensive and standard . . .

However, you will get a range of perspectives because several here don't mind and even brag about losing monthly.

Interesting as there were a couple of posts a year ago after the widely distributed article in the media essentially calling it a STR crash.

I can absolutely assist…I am a Full Time Realtor and RE Investor here in Ventura County.I help the full range of clients buyer, seller, renters, investors etc. 

So that information is not country wide it only works in specific states.

My property in that price range bought recently is negative cash flowing. 

I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.