There are markets that are very saturated with STR and with vry bloated prices and high interest rates it could be impossible to turn a profit at all. 

@Jon Thomson You didn’t mention what your current mortgage rate was but no sense paying down or paying off a low rate mortgage just to then borrow from the same property at a much higher rate.

HOA fees are rough for borrowing on investment properties in this interest rate environment too.

Crazy cheap. 

I have found this to be very, very cheap and a nice touch when emailing prospects.

Looking to get into my first STR in the next few months out in the Knoxville/Oak Ridge/Gatlinburg area(s)....I understand getting average daily rates, occupany rates, mortgage, saving for maintenance/CapEx.

They are super cheap and might give you a bit more peace of mind.

And I simply cant fathom how cheap they build in areas like Texas and OKC that i have seenI know why our FLA dingers are so cheap its all minimum ubc code stuff .. 

From what I quickly read in the link above, seems like you just need to have a bank account that is govt insured and earning interest, doesnt have to have the tenants name on it, but you need to inform the tenant of account and rate the account is receiving. 

These situations often require immediate attention that might not align with your available hours due to the time difference.Regarding property management fees, these can vary widely and you might find that the rates are more reasonable than expected.