Please reach out if you are a lender or can connect me.5 Bed 2 Full Bath & 2 Half BathExisting Mortgage ~$550,000Home Value ~$1.1+ Mil Depending on the STR income generated from this property, you could do up to 75% LTV on a cash out refinance.

I just want to get the management side of things right if I were to commit virtually all of my resources to it.Best,Dustin The rule of thumb is somewhere between 80 and 150 units is when you will need FT maintenance (depending on age and amount of deferred maintenance). 

I know conventional lending could become an issue depending on the condition of the property.

Depending on how far values decline is the difference between a partial loss and total loss. in essence its the same position of those who make second loans behind the first or third position when pref goes in front of you..

For example, an ADU is nice for a rental, but not every home buyer wants to pay a premium for an ADU on their property.This would be case by case and property dependent.

It all really depends on your appetite for risk.

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

"there are plenty of reasons why a landlord should care who is looking at their property, theft and their own personal safety being the first 2 that spring to mind, followed closely by not wanting to waste their time" These are valid reasons but depend greatly on your market and who is showing the property. 

The members here on BP that talk about STR auto-run systems didn't install those systems and find dependable cleaners & handymen overnight.

I think it depends on the individual and opportunity.