My Denver LTR is much more "set and forget" than my STR, which I manage myself.

The rehab costs are anywhere from $60k-$80k.

@Mark SvendsenI would have given them to the buyer of the home at no cost.

I am looking to find an apartment/house that I can self-manage around the area but I am running into the permitting issue. 

Maybe that is why the general rule of thumb is MTRs are 1.5 times the cost of LTRs

I am calculating 20% from the net profit (we are in CO)... including AFTER holding costs and reimbursing our own $ that we also used to fund the flip.  

My Vrbo account manager sent me this today:There are substantial cancellation fees if you initiate a cancellation.May of this year they also listed a temporary 7-day suspension of your listing.They really really don't want you cancelling a booking.If something comes up try to get the guest cancel the reservation.

Quote from @Eric Brewer: Hi all,My wife and I have two out of state duplexes (LTR’s) and an STR ( local that we manage ).

This question came up in discussion between an investor and a property manager in which the investor was complaining about the difficulty of running out of funds and finding it difficult to get a line of equity against investment rental homes.

While most of this year has been a challenge, this fall is looking far better in the Smokies, at least for the properties that we manage.