I think my burning desire to finally acquire a property was outweighing the numbers and it was also minimizing the risk (betting on appreciation) which is a risk that shouldn’t be minimized. 

I believe you'd be best served finding a partner, someone with the time, knowledge and savy to do it but under funded, I am betting they would have found a lot better ways to burn through that $200k and 9 months then this.

People who had no time or no desire to learn about the industry bought in, did it wrong, got burned and decided STR is no good as an investment option.If you're interested in STR, yes, definitely read online reviews of travelers.

It's just a recipe for doing 1-2 deals, getting burned out, and stopping.

You don't want to burn any bridges by miscommunications or not properly addressing resolution paths, buy-outs, exits, etc. in a legal manner on paper and signed by parties.

Quote from @Tracy Burns: Hello Everyone!

Basically they want to watch the world burn.

There's a lot to learn and if you jump in too fast you can get burned (especially in an inflated market).

There are reasons why this sweet spot is rock solid, always available, while these "magic unicorn mortgage of the day" always flash hot & quick, get all the headlines, then burn out, and go away, until some other PR or other high mucky muck, at a different bank, has an amazing never before seen bright idea to solve all inequality in the universe, and then we rinse and repeat.

I had them add me and as 2nd mortgage to the account but not sure if that is enough.I need to make sure in the event the house burns down I'm covered.