Offer incentives: Perhaps you can offer incentives like build to suit, furniture packages, seller financing, legal concessions, etc.4.

If your trust owns the house, but you own your TV and furniture, those personal property items could end up without coverage if the house burns down.

That's just so I can make sure I don't get a tenant saying they told me of a repair verbally that they never told me about.)Who changes light bulbs, air filters, smoke detectors What happens if you put the place on the market-- how you give them notice to showClauses allowing you to enter to show or repair propertyClauses disallowing permanent modifications to propertyAlterations and improvementsNo wall paintingNo cabinet, house, crown molding, floor painting or modificationsNo remodeling or repairs by tenantCleanliness, kept in good orderTrash removal, city trash pickup rulesSnow removal and pest control-- who does it, who pays for itNo exterior projects on property, no satellite receiversNo exterior advertisements, signs, or projections (area rule)No outdoor storage sheds, interior furniture, debris, junkDelivery of premises, condition of premisesSecurity-- strictly responsibility of tenantCasualtyIndemnificationLiability for Loss and Damage-- damage or loss to person Abandonment with unpaid rentNo changing of locksRecreational facilities-- at own riskParking-- at own riskTenant Insurance-- strongly recommended at own costNo excessive guests or noise that disturbs quiet enjoyment of neighboring properties.

More often than not they have expensive, customized cars, nice rented furniture, and ALWAYS additional, unauthorized (per the HUD contract), "live-in" occupants.

An interesting concept is that in OBX a) most if not all furniture conveys, and b) any income from guest stays after you buy are yours, regardless of when they were made.

If we bought the furniture new it would be $12k.

The deterioration to my furniture is definitely a factor that needs to be accounted for.

If in 1935 you went to the bank to get financing to buy furniture or clothing they'd laugh at you.

I go with middle of the road furniture. 

Also check the specific rules of the condo-tel for renting, some of them goes from only allowing rentals through a "hotel program" in which you split 50% of your profits but they will not share 50% of expenses, others give you the option to rent it by yourself, but they charge an app/resort fee that will be about a couple of hundreds of dollars.Also take into account city regulations and permits, normally you will need a STR license with the city and a license with the state which will cost a couple a hundred dollars annually.Also keep in mind, cleaning and supplies expenses, maintenance, re-furniture, STR insurance, Building SPAs and bad clientsI'm not saying is not profitable but, with a bad LTV and the high cost of this kind of business most likely first year and second possible you will not break even.