But also was a costly lesson for me.

Is there an easy way to divide the basement up? Each side of the duplex has access to the basement but below everything is connected together and I want to make sure no side has access to each other. The way I can ima...

Also, what are some other low cost amenities that I can add to my STR that will yield a higher ROI?

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

It was a subsequent post in response to my question that OP made clear it was because the state required deposits to be held separate.  

I’m not from the US and currently live in Europe most of the time.I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?

I told subsequent tenants this once I moved out of that unit and have never have had a problem since.

I was wondering if there would be any advantage creating a LLC or business to pay for the renovation costs.

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Liquidated damages can compensate the owner for lost rental income or extended financing costs.