That mean the upfront costs could be up to the low 6 figures. 

Generally these will have a shorter maturity and higher costs. 

Our rehab cost estimation comes from researching the area and talking with local investors that have similar properties. 

That cost me about $1,000 each time. 

And the reality was I only put 20% down plus closing costs.

I realize that there are variables from market to market and property to property that could make VRBO more effective for a given property, but my understanding is that in general Airbnb bookings get out to such a dominant start in regard to percentage of the bookings, that VRBO and other lesser OTAs have trouble catching up.

Yet as the owner, I am still covering the cost of any maintenance and repairs, so who does this really benefit?

Yet as the owner, I am still covering the cost of any maintenance and repairs, so who does this really benefit?

How much does something like that cost over there?

-While rent would be more expensive month by month, the idea of being able to take my equity out of my home and also being able to reduce annual repair costs, property taxes, etc. does seem appealing to me.