well i lived through it.. painful as it was.Gap lending is far to risky for almost anyone end of story.. totally agree.the only time it works is with some decent cross collateral and or you have a substantial relationship with the client and have done LOTS of deals with them for many years. 

Not to mention the paperwork pain involved with each claim Any thoughts on just not having any insurance at all, or just some sort of liability and really high deductible ?

We worked out a buyout from it but it was painful.

It is also kinda a pain in the butt to setup where they can send codes with the August Yale locksAnyone  have experience sending automated codes with the Encode on AIrbnb?

You can very well avoid the pain and headache when it comes to maintaining it.

Iḿ doing well and can absorb so much more than they average American, and still all the rate increases was painful.

Maintenance is a pain point for a STR host!

My thinking is they will keep dropping and at that point it might make more sense to purchase an existing pool cabin than to build which is gonna be a real pain - I know you know this already ;)

This is called a Deed in Lieu Foreclosure or Deed in Lieu (DIL).As an option to avoid a long drawn-out foreclosure process (more painful for the lender than the borrower), your friend might be able to negotiate a deal with her lender to accept the property and wipe the slate clean.

They are $35 - 60/hr but it saves you the time and headache of figuring out how to book a journal entry for a HUD what accounts to create... oh man it's a pain ha.