Being an agent myself and an investor I usually take it out when meeting a new investor or client, as well as potential partners to show them these are the guidelines that myself and many successful investors follow.

STR usually cash flows heavier than LTR but the leverage you get will be less. 

Even if you wanted to lower the CapEx and Maintenance portion to 3% of rent you should still account for some extra expenses.

The number usually varies from 10-20% depending on credit score, property analysis, etc. 

This gives flexibility to the buyer, and some will pay extra for that.

It can take several years before the prices come back up to pre-drop levels, and then as per the usual cycles, continue higher.  3.

Can you (or someone else in your house) find a part time job to bring in extra income? 

If these repairs are left to the tenants and they fail to carry them out, it could potentially lead to a decrease in your property’s value.Here are a few:Structural Repairs: This includes repairs to the walls, roof, and foundation of the property.Plumbing: Any issues with the property’s plumbing system, such as leaks or blockages, are usually the landlord’s responsibility.Electrical Systems: This includes wiring, circuit breakers, and outlets.

Also worth noting which areas are appreciating in value, since you’ll have to have an exit plan eventually and the extra value add is a great bonus. 

That extra .5 bath does matter believe it or not.