Then let's add the 10% Property management fee.

Only 10 related adults or 6 unrelated adults are allowed at a time[6].Required docs to operate an STR:To obtain a short-term rental license, you will need to complete a short-term license application and pay a non-refundable fee of $643, inclusive of a $50 notification fee[6].

so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.

Originally posted by @Karma Senge: @Joel Owens , those deals were 8 years ago.

Landlord policies often cover rental income loss and legal fees.

You'll have to do the math on the fees and weigh your time vs what the PM charges.

Originally posted by @Shella Stephens:I am actually looking to sell my current manufactured home as a subject 2. 

Originally posted by @Adam Ramsey:@Drew Markert I currently have a duplex that I house hack.

We normally ask for 48 hour notice minimum before a rush fee is charged.

Apparently prices are diving because HOA fees are like $700 per month and I also read it's tough to get good insurance.