Multiple tenants cannot pay, tons of bugs on the backend, User Interface doesn't load 30% of the time, the support team is based in the Philippines and they have no idea what they are doing just copying and pasting scripts. 

We are getting a sofa bed for the living room of our STR.

Thanks guys, Im more curious about 3-4 beds vs 2beds. 

You have saved enough cash to purchase a small 2 bed, 1 bath single-family rental that already has a tenant. 

I've been house hacking my place (I rent out a 3-bed 2-bath residence and live in a small in-law unit in the back) for just about 3 years and have been setting aside money each month for my reserve fund.

All units are 2 bed 1 bath, single story with off street parking. 

We are renting the home as a Padsplit with a total of 5 beds and 2 baths. 

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

Investment Info:

Single-family residence fix & flip investment in Martins Ferry.

Purchase price: $70,000

Cash invested: $20,000

Sale price: $135,000

2 Bedroom 1 Bath 900 sqft fix and flip hom...

It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!