Motivation is to overcome down payment hurdle for expensive houses for STR

I can pre-authorize an amount and if the expense is below that, the vendor can do the repairs without talking to me live4) Urgent maintenance issues - say a pipe breaks, or tenant is locked out.

You may find in this environment you will be asked for 30%, 20 year, higher rate, which makes this deal look worse.If you pay cash....quick napkin math assuming 50% of NOI for expenses that leaves you with ~$70k which is a 3% return. 

Its expensive like no other .

It seems from my experience so far with most lenders ,they will roll back in depreciation expense to find loan eligible income but that is it. 

My wordpress site with iGMS booking plugin: exploresalida dot comMy iGMS provided booking site: highrockyrentals dot comBoth use Stripe for payment gateway, so that's the only booking expense

Bottom line is you have a deal that could reduce your monthly living expenses to $100/mo.

Other topics I have researched about changing the basis include "you don't transact closing costs as an expense in the tax year, it changes the entire basis"....and I have been trying to use a tax platform that I have been using for about 10 years. 

That would give you about $600 for the remaining expenses (650 goes to the mortgage).

There's no mention of your income, monthly expenses, DTI, risk tolerance, goals, etc.