Umbrella insurance policies can add an extra layer of protection across your portfolio.

It’s an extra expense that you don’t want and most properties don’t have.

(I will research what the likely cost will be and will add in some extra for Tenant A to make it a positive for them).

Some co-hosts are locals who will assist and drop off extra linens, do check ins, etc. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

This will give you extra cash flow in the first year and/or the early years to maximize your tax benefits and make your dream come true.

Reinforce entry points with security bars, and consider a monitored alarm system or joining a local neighborhood watch for extra protection.

@Bruce Woodruff, I want your extras added to this list first please.Anyone else have some good ones to add so we can help those who are in the middle of their first reno from losing more money? 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date