. - that falls under "self-help eviction" and can be punished sternly by the courts.)If you're going to own property in Rhode Island it's definitely worth reading through the RI Landlord Tenant Handbook (pdf), which is a more human-readable description of the RI Residential Landlord and Tenant Act.

These prices are absurd!

If they offer a rent guarantee, they are guaranteeing human behavior, which is not something anyone can/should be doing... it just means they have enough markup in their product to cover it.Lastly, learn the difference betten a TK PROVIDER and a TK PROMOTER. 

I might be inclined to share a little secret here... if your STR is currently in a Covid Zone: consider trying this: - Convert all listings to a 1 month minimum, by the room- Add all appropriate features to suit this- Mark the price up to 2-3x the typical rent, including everything- Sit back knowing that at 50% occupancy your roughly breaking even- Watch as your life gets really, really simple... as you have to work less and less every day, allow your net to drop to about 50% for a while, knowing that you are reducing the risk of Covid spreading in your business, and knowing that you are creating a safe space for those people who were planning to travel, but just want to chill while humanity finds a cure for this thing. 

However, humans are lazy.

@Cameron Riley "A crazy tenant" is most often a psychologically battered human being under immense mental stress.

Account ClosedI'm inserting made up numbers in your scenario and asking you to lay it all out beginning to end as clearly as you can so I can try to get from you your description of what you think you want to do because I'm trying to assess what you are thinking and whether or not what you're thinking is above board.You're saying your goal is to pay 70% or less which implies to me you're thinking you're dealing with normal sellers, so I'm heartened by that and that you responded to my crazy low numbers as absurd. 

A lot of investors think this way, but I try not to do this myself and I think when people spend more time thinking about valuation graphs than the actual humans on the other side of the table, they're missing the forest for the trees.

If you can time the market for these kinds of moves, it's a league of you and you alone, think about that, are you better then literally every human alive to peg such a thing?     

I have a revolving watch list of 200 units at any time on Zillow alone, all of which I would buy, with only a capital and human resource management constraint.