My understanding is that it's greater cash-flow potential, in exchange for higher management costs (which a house-hack situation would somewhat mitigate) and more volatility.Thanks again.

From my past experiences, they should reach out eventually, but it may not be as quick as you'd like.To mitigate the risk of losing a booking, I recommend posting your listing on other platforms, like VRBO, and FurnishedFinder, or setting up a website for direct bookings to avoid using a 3rd party platform altogether.

One aspect of the Cons section that I want to point out is that many of those challenges can be mitigated.

In the end, they hurt tenants as landlords counter to mitigate risks and protect their meager profits.

Here's why:Let's say I sign a tenant to a one-year lease, and 3 months in, their personal/professional situation changes, and they break their lease and move out after a 30-day notice (or maybe less).I am required, by law in most areas, to "mitigate my loss" by remarketing the unit, making it rent-ready, and starting up my lead generation machine to get applicants, funnel them into my screening system, identifying good candidates and ultimately leasing them up.

Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind. 

Hey Jamal,So most DSCR programs are going to require, at the least, a 'soft' pull of your credit, just to mitigate their risk when it comes to long term debt.

Since this involved sewage, I had to call a mitigation company.

I will investigate this as I do need/want to mitigate my risks.

Make sure you mitigate as much risk as possible by inspecting the property and getting a contractors opinion on any renovations.Right now sellers that need to sell need to sell.