You can use this as a lessons learned and get a better idea for how long something takes and how much it costs. 

Has anyone had experience with this issue and know a way to get a good insurance policy that doesn't cost an arm and a leg? 

I live in Los Angeles so will be investing long distance. 

After considering all costs, I was barely making more than I would as a long-term rental and it was taking up a lot of my time.

Good luck!

I have never been to Dayton OH, and was wondering if it is good idea to invest in Dayton, OH? 

Hi Everyone, looking to connect with folks who run STRs in the Hamptons (Long Island New York).I have a couple and would love to chat!

An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

We currently own 2 long-term rental properties and are looking to add more.

We can lend under 100k as long as the property appraises 100k+.