Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

I think my fees are high until I shop around and then I am thankful. 

Quote from @Brandon Croucier: Hi Kathy, at the end of the day the mortgage industry is so vast & wide it's essentially like trying to navigate the Sahara Desert.I highly recommend working with an experienced mortgage broker who knows the ins and outs of the industry to place you into the most competitive product for you.More times than not, people save money working with a small shop broker.Kathy,I wanted to revisit this to offer a a tad bit more and Brandon above is correct.

Also, how do you balance cost-effectiveness with providing a high-end feel?

However, turnover is high, probably because privacy is hard to come by.

high cash flowing short term rental How did you find this deal and how did you negotiate it?

This could be just specific to the real estate industry, but in both recruiting and cybersecurity consultants (hackers for hire), the ones that start their own business/consultancy, are the ones who after spending 2 years (usually exactly 2 years which is when recruiters will message them), the high performer will either 1.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

The risk of property damage or a lawsuit from a dog bite is too high. 

The payments and interest are high.