That would make your cap rate 39%.

They have lots of little fees built in, so I'm curious if those are also on the back end as well:Return to collect rent again Fee x3: $30Phone call with tenant fee: 8 minutes. $5 + .50 per minute.etc

Currency exchange rates can also affect costs.

If so, you have to decide if the late fee fairly compensates you for your aggravation.

I only know of one local bank who will, and with them, it's a commercial line of credit floating at Prime + 2.5% (11% is the indexed rate) and it has to be renewed every 2 years, including a 24hr rest. 

So there's no blanket prediction for the US as a whole except that if rates stay higher long enough to work through all of the 2.5 mortgages, housing may come down somewhat because it's virtually frozen right now. 

I’m curious to know if the 10-15% fee (being low for STR) is worth it.

Depends on market conditions, interest rates, etc.Step 4:  Pay back the principal you originally took out on your SBLOC, bringing your leverage balance on your portfolio back to 0.Step 5:  Repeat.Opinions? 

Seek competitive rates and terms: Compare interest rates, loan-to-value (LTV) ratios, and loan terms among different lenders.

I know there are tons of fees and permits to consider, but - in your opinion does this sound like a good concept?