We keep a daily updated list of all active and eligible STR's for sale and currently there are well over coastal Oregon listings for sale with vacation rental or STR AirBnB eligibility and generally focus on properties that can reliably secure a permit within 30-60 days of closing.

I have towed many cars off my properties and had to keep tow drivers safe while they do their service.There has been a nice lull for a bit.

Here's my take:If my company has to get a couple of quotes for a new furnace, that means sending a few emails, packaging the information from the vendors intelligently, and relaying this information to the client in a way that adds value, usually with a recommendation based on experience and context. 

I see them as a high maintenance item that will not be as popular as you think they might.I would do a hot tub first if that could work.EDIT - So I just chatted with my neighbor and he spends about a 2 hours a month keeping his sauna in shape.

Zoning - There is a whole template in the STR Handbook (too large to post here) that will let you know what your house zoning means, and what the requirements are for your zoning (parking, etc).

This will keep you personally protected and allow you to run your real estate business far more effectively.

Trying to keep an existing tenant often produces more trouble than it's worth.To answer your original question, you should absolutely give them a deadline and a consequence.

Assuming  this revenue ruling still stands, it mirrors the SC situation nicely, meaning it would support your acquisition date of the real property not starting until you have taken possession.I think this would be highly dependent on the terms of the local jurisdiction as well, so what might be correct in one jurisdiction, could be completely wrong in another depending on the rights acquired related to the property.But happy to be pointed where I am wrong!

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I'm trying to keep costs low while providing value and so I'm doing some shopping around.