You could also have water sensors, either to detect excessive water usage (such as leaking supply line), or water on the floor (next to a water heater, or on a lower level, etc.).

I get the feeling that to get yields in excess of 10%, you have to (a) purchase cheaper more rundown SFHs or condos in lower income neighborhoods (b) have your properties spread out across large areas that are more difficult to manage - my properties are all within a 20 min. drive of my home and in most cases I have multiple condos in the same complex or (c) purchase properties that have a theoretical high-yield, but actually keeping them full year-round isn't very easy.Very interested in other people's thoughts….Are my impressions completely off-base?

You have to goto the owner of each neighboring house and at least 55% of them have to I guess give you permission to run your STR (I think this is a bit excessive).

I have dogs, moisture issues, and nieces who stay over frequently and spill/drop things like it's no one's business.

Hoping for 5-10K over your contract price so you can use the excess as credit towards closing costs?

Since the house was built in 1885 it has a stone foundation which are meant to have moisture from time to time to "breathe".

No excess food down the sink and no garbage disposal.

Location is key and LA has one of the best opportunities for this as you already own the dirt and in cases of conversions, some of the construction is already there as well, so your returns can be in excess of 20% often times.

Since we had excess cash in 2022.  

I don't want the excessive turnover in the property, it costs money and creates wear and tear.With the 30 days minimum, we can screen the tenants the same way we do for long term, create solid leases, move-in/move-out, etc.