We have all heard horror stories of it happening and in these horror stories it is not the host’s fault.  

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

Especially after reading all the horror stories on BP of sponsors not really ready for prime time getting in trouble with cash calls or losing the investment entirely. 8.

Either ranch or two story.  

Yes, even during the festive season, the real estate world doesn’t take a break.Let me share two stories that drive home the importance of acting quickly in this business.The $40k Christmas Miracle: A few Christmas mornings ago, one of our rockstar team members, was enjoying some holiday downtime with his family.

They do, however, have up to 60 days to return a security deposit after a tenant moves out.If an eviction is necessary for nonpayment, landlords are required to send a seven-day written notice of the payment due.

The floorplan I'm interested has a slab foundation, 2 story, 6844sqft (1711sqft/unit), 3br/2.5th, garage, and W/D. 

@Peter FifeGreat story Peter.

My belief is that arcade, pool tables, etc. would provide a different experience and might be more likely to rope in the whole family.I initially wanted to bring over my modded PS2 with a bunch of games, but I've heard horror stories about doing that.