I remember chatting with a good friend of mine, Jared, who once picked up a quirky three-story in Somerville to rent short-term.

Remember you are investing in relationships above all else.

Remember they are going to be in a second position so they should be getting a good rate.

It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.

I remember back when I first dipped my toes into real estate investing...around the time I’d hoarded my first serious nest egg like a squirrel stashing acorsn...I had something close to your $80K set aside.

I remember how stressful this was... it just felt like an endless saga that would never end.  

I remember reading something in the Wall Street Journal the other day that buyers lean toward modern finishes with a nod toward sustainable materials.

Remember, that you don't build wealth with cash flow.

The other thing to remember is section 8 is great for longterm and guaranteed pay however there are definitely thinks that do get annoying.

Lastly, we all must remember we are close to 20 million visitors to the area (13M to GSMNP) every year and most owners just need 60 to 80 families to stay at their STR to have a successful year.  .