unexpectedly, my ex-STR that did not get an STR permit when quotas were enacted, I got notice is getting its STR permit.  

If, while running your numbers, the returns are within range to your criteria, do not lower the expenses to "make it work", but just know that some months may be higher, some may be lower, and if you have the cash reserves to support a higher bill or unexpected repair, then the underwriting at least helps you mentally prepare ahead of time.Any calculator, based on the inputs from any noobie or seasoned professional, will NEVER be the same as your actual numbers.

As for the cheaper markets, I would look to do mid term rentals in the Rust Belt near hospitals like the Cleveland clinic to maximize the income to help mitigate the downsides and unexpected expenses associated with those markets.

We don't use them as collateral, but we like knowing that if something unexpected comes up, our borrower can handle it. 

Were there any unexpected issues? 

Make sure you leave a buffer in your budget because sometimes unexpected expenses come up.

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.