All I hear about is how great STRs are and how in the correct market they can basically be a money making machine.

Also, the tenants are responsible for purchasing their own washing machine and dryer.

Throw a $300+ "monkey wrench" into that machine and stand back - make sure you're wearing your PPE (Personal Protective Equipment) when you do.As Marina Loos posted, ..."

If the cycle was 28 days then the base amount per machine would equate to $1.20 x 28 days or $33.60 per machine. 

And also, even after the person bought it they would still have to pay $15 more per month for the subscription to RentOMeter, which makes it even more expensive.I could make it cheaper for the user by selling the reports (which I would generate from my own machine and my own rent o meter account) instead of the software.

Rent paragraph typically spells out the revenue share - that's another blog of its own but generally speaking it is a percentage of the gross collections identified in various equations of percentage of revenue or some percentage over a minimum base amount per machine per day.

Watch YouTube videos on deal machine or a guy called Ben buys houses.

There are paid data sources for real estate investors , propstream, batch leads, privy, list source and deal machine your choice of which one but why are you looking for foreclosures are you trying to do renovations?

This is a well-oiled machine, although you still need to do what you're doing and deal with people who you know or who can be trusted.When you buy an existing property, do NEVER buy a property with communal title, also known as ejido property.

It takes some of the pressure off of viewing it as solely a money machine.