Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

I had specifically asked for numbers including mortgage payments and they emailed to me.

Every broker (including me) has the ability to give a 0% origination fee WITHOUT increasing the rate.

Some popular STR markets include:•Gatlinburg, TN – Strong vacation rental market near the Smoky Mountains.

That should really be the deciding factor...is it necessary and a large enough project to include the permit process?

Whether it's optimizing listings on OTAs, leveraging social media, running targeted ads, or using dynamic pricing tools—I'd love to hear what’s working for you.Some strategies I’ve been exploring include: Enhancing property listings with professional experience photography and compelling descriptions, leveraging Instagram and Facebook ads to attract more direct bookings, and utilizing email marketing to engage past guests.What’s been a game-changer for your vacation rental business?

You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

Quote from @Stetson Oates: As a suggestion, when you refer to net cashflow, I would include maintenance, vacancy, and repairs. 

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

Jonathan Having worked most of those markets (Detroit included), I'd say most all of them will offer investors a very similar return.