The rental had ratty furniture, a record player prominently featured in the marketing but it had no speakers, missing basics items in the kitchen, lots of drunks in the concrete hallways that reverberated right into the bedroom at 2am, a strong odor of urine outside, and more.We have super hosts in this forum that have hundreds of 5-star reviews and are masters of the craft, but I look at their rentals and see they don't have any artwork on the walls, decor is basic, they do nothing to make the guest feel welcome, etc. 

What are your returns like, is it a strong STR market?

If you don't have anyone that has booked a week or so before, you can move it to 1-night min on weekends but I would hold strong personally.

Your first step should be building a strong team: an investor friendly agent, lender, contractor, and property manager are key.

@Wade Wisner Jacksonville has seen some significant changes over the years, with pockets of revitalization and a strong influx of new buyers driving growth.

For example, areas like Chicago have a strong demand for furnsihed rentals, especially in neighborhoods near medical centers.

For your midterm lease, I strongly recommend you use a state-specific lease to make sure all of the landlord requirements are covered as well as any state-specific disclosures.

The fact that your property is in a strong area with high-quality renters and growth potential is a major advantage.First, revisit your numbers to include all expenses and potential tax benefits, like depreciation and mortgage interest deductions.

It was a win-win, and it all stemmed from a relationship built on trust rather than mere profit.The Benefits of a Strong Network: Off-Market Opportunities and Creative FinancingAs I grew in the industry, the relationships I built began to pay off in unexpected ways.

I'm also bringing another investor (Strong) who will take out a loan for the 250 Be careful of the various rules.