That sort of crap doesn't need to be living near any of my tenants and their children.

As for influence limits, there aren't any.As for the crap I take on the site . . . you definitely don't want to deal with it.As for you clowns giving me hell . . . keep it coming!

This is the kind of mundane crap that Citi Mortgage is using to hold up funding a loan!

To me, it doesn't seem $78/month is worth the headache/s of a tenant and as many of you have stated it isn't enough cushion to help when crap happens.

We do it for family trips such as lake or beach houses but sifting through a bunch of properties is the opposite of a good time for some people.STRs can also be a crap shoot.  

One of them was brand new and never had a tenant.Think of the new crop of syndicators that has bought in the down turn a guy like Ben who post a lot here he only thinks its a deal if its 09 or 2010 pricing.. and whatever it is that he may have bought was probably from failed landlords.when the crap hit the fan it affected all asset class's with the top teir markets like we are talking about being somewhat insulated.. the high cash flow markets got crushed and I lived it I know.. !!!

So we did a crap load of 30 to 60k 2nds.. now if the banks had stuck to this formula I don't think they would have gotten into as much trouble.then came along the thrifts I can remember long beach savings and loan they kicked us in the butt with their new fangled programs.. and we changed gears.Could not agree with you more on your thought process. if your going to take the risk of 100% financing there needs to be big upside because at that point your a capital partner not really a lender.. so that's how I look at it these days. 

What a load of crap.

That scared the crap out of me.

This usually excites the great Contractors and scares the CRAP out of novice Contractors!