I'll sound like a broken record, but STRs definitely hold a lot of hidden costs and regulations.

A dryer is not an emergency and the tenant should be patient while you coordinate the repair.Because they ignored your instructions and chose to hire their own vendor, they should pay for the repair.I also recommend you learn how to handle aggressive or abusive renters.

We ask our tenants to keep the grill on the patio or further from the home and instruct them not to use or store the grill in any garage or shed on the property.

So, were these repairs where another problem (termite damage or rot) was hidden, or incomplete work on the contractors end like not putting tyvek under the siding or something like that? 

Which means that lenders don’t have much say in these loans – they have to follow the rules they are instructed to follow.Portfolio - I'll define these loans as loans that come from the bank's own "portfolio" of money.

You might be able to find a hidden gem that people have passed over.

I live in Kansas City and have been visiting Branson for the last 15 years but it seems like it has remained a hidden gem for investment purposes.  

Initially I had a feeling you didn’t really know what you’re talking about but now it’s crystal clear you have no idea what your saying and you are more than likely just another misleading , Detroit PM nightmare like 99% of the other PM’s in Detroit with all sorts of hidden fees, secret add-on’s who work against the tenant rather then with them so they end up vacating and you guys salvate over another nickel and dime placement fee.The question ‘why’ in your first comment has absolutely NOTHING to do with it I am simply sharing my experiences.

There are a lot of hidden opportunities in our market.

Can’t drop that 300k property you bought that turns out to have knob and tube hidden in the walls.