If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.

I am guessing they probably raised $15-25M from investors for the deal, so while the bank would still be covered investors would appear to collect maybe 10-20 cents on the dollar if they were to liquidate.if that's the case then I don't see buying one year really does anything unless I am missing something ? 

I think some hosts would account for the cost of purchasing good quality bottled water as well, which is why the Brita water pitcher is popular. 

All they ask for is your last two months bank statements.

More big name companies will join the STR industry and hosts who are not exceeding expectation will be weeded out by their money power.

Makes banks happy, but not what you want if you are concerned about your bottom line. 

I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.

Hey @Augusta Owens Bigger Pockets has been so valuable to me in my own journey, so you are in the right place.Ive been hosting an investor meetup the past 3 years and it's been a great place to collaborate with the like minded individuals and collaborate. 15-25 people show up each month and range from new investors to people,e who have been investing for decades.would love to connect and get you some more information! 

.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

While very lucrative - if you don't have enough reserves, it can really break the bank.