That's a grand a month to basically collect rent. 

Side note to get a decent company who does video and blogs expect to pay a few grand per month.

A grand or two wouldn't sway me in your favor if the other guy had a healthy bank account and his checkbook ready.

I make an offer that is acceptable for me depending on the risks I have to take getting the flip done.This number IS my highest offer and I flat out tell the sellers this with my breakdown of my numbers.I am not going to waste time with making a lower offer, wait for them to get back with me, fight over a few grands, then someone regrets (because this IS what happens when you negotiate... someone will have to accept a number they didn't ideally want in the first place).I give my highest offer from the start.

I wouldn’t pay 80 grand to make 1000 in rent .i can get 1100$ in rent out of 30-35k duplex any day of the week in my area . 

If it’s a grand or so I’d do it .

Overall the costs to refi are relatively low (few grand tops)

When you lose a couple grand to theft, contractor walks off with a couple grand, you spend 8K in Due Diligence that did it's job.

If paying a relatively small fee (in the grand scheme of things when it comes to STRs) can make STRs accessible to people that it otherwise wouldn't be then that is definitely a business that makes sense and can make sense for some set of clients. 

You won't regret it and in truth, 60K really is a drop in the bucket in the grand scheme of things.Best of luckStephanie