Maybe if I was only moderately sure I would get the extra 4k I would only pay an extra 1-2k for the property to account for the extra risk.Jon, let me clarify a couple things about what my plans are. 1.

In the area I am looking the houses are moderately expensive.

Their overall inventory consists of quite a few more moderately priced cabins and I feel an extreme luxury cabin would be brought down by the average ADR of the other properties within their inventory.American Patriot Getaways, owned by Matt Naas, i would characterize similarly to Cabins USA but with just a smidgen less praise.

Austin home prices rose at a more moderate pace than in years prior, with median price increasing 5.8 percent to $340,000 during the same time frame.

Once you hit that paid off point cashflow goes from moderate to alot of it.

Looking in the area, the properties on MLS need some rehab and not sure how much to budget typically for light to moderate work.

Looking for solid operators, moderate fees, proven distributions, etc.  

. $80k first position plus $20k second position on a $100k property would be 100% CLTV.The only 100% CLTV out there is down payment assistance programs for "moderate to low income" FTHB, which just for laughs is defined in the SF East Bay Area as less than $204k/yr at this point.

I'm doing this to get some first hand experience in house rehab since I plan on buying a moderate fixer-upper as my first investment.

Zz Years ago, as a moderator on BP, I saw an uptick in the interest in STR and got BP to start a forum specific to them.