Use that for your base and then adjust a tad lower and you will gain more bookings because STR renters rely heavily on price in most circumstances, all else equal.

Just so I have this straight -  since we are able to split rental and personal we do not have to adjust the deducted mortgage interest even though the mortgage is over $750k?

It might be a bit lower after your reno, but over time it all equals out.I bet you can find a better rate.

@Moses Lin your best bet is to speak with the lender(s) specifically, but in most circumstances, you will need landlord experience in order to count the income towards your purchasing power.

If you decide to look in the south phoenix area anywhere from 24 st to central ave on baseline or southern are pretty good bets as far as upcoming areas.

Everyone likes something different so I think even one of the air adjustable beds wouldn't make people happy because it takes a while to figure out your "sleep number" and for someone staying one or two nights they probably wouldn't have it dialed in.To answer your question, I don't think there would be a return on your investment for the Craftmatic.

You bet!

With your massive work ethic, I bet you can find creative ways to be of value to those more experienced investors, and that can turn into money or social capital. 

That’s probably your best bet, avoiding a direct conversation with a lawyer about the issue and just motivating the client.

Keeping this in mind, you can adjust your CapEx percentage you set aside each month if you want based on the condition of the property or the assumed "when" that these expenses will come up.