High-cost option, purchase a software that syncs your STR calendar with the software, input text/email of cleaners, and this will automatically notify cleaners for bookings with check-ins and check-outs, and if they are self-sufficient enough, they will go when needed. 

Qualified applicants must have sufficient income to pay the established rent.

My plan is to get a HELOC on our primary residence to use as needed for reserves, and save all profits from the STR until we have sufficient reserves. 

I think they felt that was sufficient but wouldn't offer any higher and to me that makes sense. 

Rental revenue could not be sufficient to pay all costs in high-value areas like Manhattan, which would result in negative cash flow.

Hi ALL,I feel pretty sufficient analyzing the purchase of an apartment from going through the financials and physical aspects of due diligence.

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Although they might vary, investment property loans typically need a down payment of 15% to 25% or more.BRRRR method: If you are thinking of using the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, you will want sufficient funds for the initial purchase, the renovations, and the holding fees until the property is refinanced and rented out.

If you end up wanting to go FHA and it's a 3-unit, make sure you look into self-sufficiency.

Hi Celine,An umbrella policy is simpler to set up and manage compared to an LLC and you can get policies that are sufficient to cover the asset.