They can have a prepayment penalty and higher out of pocket costs at times as the main drawbacks.

Chances are you don't want to buy a building that had PERC spills and EPA just chomping at the bit to hit the new owner with environmental cleanup costs, that might be way more than the building is worth. 

Scenario 1: 5/1 ARMRate: 5.675%Monthly Payment: $5100Prepayment Penalty: 3/2/1Closing Cost: Broker Fees: $11,016 (1.25%)Lender Fees: ~$2,000Loan Fees: $600Plus standard title and other feesScenario 2: 30 year fixedRate: 7.375%Monthly Payment: $6086Prepayment Penalty: 5/4/3/2/1Closing Cost: Broker Fees: $11,016 (1.25%)Lender Fees: ~$2,000Loan Fees: $0Plus standard title and other fees5/1 ARM looks attractive but not sure if that's what other people opt for that for a STR property? 

Number one thing impacting vacation rental success is management. 

As an out-of-state investor I'm looking for a qualified and reliable property manager.

Are folks able to manage to get to that second property, when they have high debt service in one property.

Like Property Managers, Real Estate Agents, Accountants, etc.

Then their clients do a cost segregation study because they benefit from being high-income earners.

I use Turbotenant as my Property Management Software (PMS) to manage my properties and while I'm setting up my properties on it I can easily market the property with a click of a button and it will push out to all platforms that Zillow does not own: Apartment.com, Redfin, etc. 

Hi @James Wise, you are an expert property manager and I have 2 questions for you:1) the deadline for my zip code was in March 2021.