I recently realized the city requires all single-family rentals to undergo an inspection process and $65 application each time the property changes tenants.  

Based on the following assumptions: You can afford the monthly PITI There is a fat $ cushion The renovations are all above board The comps show that there is a large upside delta between your purchase price and market pricesYou have good creditYou have a large 6 figure amount of cash for a down paymentIn my personal case, I would actually offer a higher interest rate for a lower down payment.

I am currently shopping for my second rental property in an area that is undergoing revitalization and should offer nice capital appreciation down the road.The problem I am running into is this area already has a crowded rental market, including many section 8 properties.

A few blips in additional costs, drop in volume, and you could lose money fast.I like businesses with fat profits off of low to medium volume.

So I guess it's what they call "fat FIRE."

Looking for advice to make the most of the situation.I am currently undergoing a major rehab.

You’ve set up some communistic straw man argument that a rich fat cat homeowner capitalist has taken advantage of poor people.

I targeted areas that were around economic engines, within neighborhoods or areas that were beginning to turn (about 25% of the houses were renovated/rehabbed and the surrounding area is undergoing development).

A 5-day booking scheduled to check in tomorrow just cancelled, so I'm out 5 days of revenue with almost zero hope of rebooking.While I'm all for people being responsible about their travel plans, I'm not all for hosts getting hosed - if AirBNB wants to play travel insurer, they should do it with their money, not mine.This is one of many reasons I'm glad my STRs have fat margins, because if this goes on for long there's going to be belt-tightening happening!

I definitely have some renters still paying now because they are receiving the fat unemployment checks.