well i lived through it.. painful as it was.Gap lending is far to risky for almost anyone end of story.. totally agree.the only time it works is with some decent cross collateral and or you have a substantial relationship with the client and have done LOTS of deals with them for many years. 

Not to mention the paperwork pain involved with each claim Any thoughts on just not having any insurance at all, or just some sort of liability and really high deductible ?

We worked out a buyout from it but it was painful.

Conduct a thorough inspection to assess the true condition of the property.High Vacancy Rates: Excessive vacancies can signal underlying issues such as poor management, undesirable location, or an oversaturated market.

It is also kinda a pain in the butt to setup where they can send codes with the August Yale locksAnyone  have experience sending automated codes with the Encode on AIrbnb?

Initiating a conversation with a seller by presenting an offer under these terms can raise concerns, signaling, "I lack funds and need a favor."

You can very well avoid the pain and headache when it comes to maintaining it.

Iḿ doing well and can absorb so much more than they average American, and still all the rate increases was painful.

Maintenance is a pain point for a STR host!

My thinking is they will keep dropping and at that point it might make more sense to purchase an existing pool cabin than to build which is gonna be a real pain - I know you know this already ;)