Let's also assume that cash flow after debt service is $75,000 (NOI less CAPEX) and debt service is $60,000 per year.

Additionally, laws can change, so check with local authorities for the most up-to-date information.

When seeking DSCR debt for STRs, some key questions you should be asking your lender are:- Can you underwrite with AirDNA?

However, not everyone is comfortable with that much debt and will sleep better at night knowing you aren’t leveraged up to your eyeballs.For me, I try to strike a balance.

What are their management fees, and are there any additional costs?

Additionally, I already have a long-term rental property in Akron, situated 2 miles from this new acquisition which I also self manage.

I would add the trip as an additional expense going to the cleaner, since it takes time.

A study conducted by [Local Economic Research Institute of KC] estimated that the Super Bowl festivities generated $100 million in additional revenue for Kansas City businesses.

Most of these companies charge a few hundred more for that option, but if you get audited once, that will pay for that additional fee 100x over.The full engineer studies also tend to be MUUUCCH better for addressing things like partial asset dispositions in the future, since they actually went through the building and picked out what it has and what all the pieces are. 

Look for companies that have a strong presence in California, as they will be more familiar with state regulations and requirements.Land Preparation and Additional CostsPreparing the land for a manufactured or modular home can vary significantly in cost, depending on the condition of the plot and the amount of work needed.