Hot water heater leaked and flooded downstairs storage area.

.- Monthly cash flow from day one- More properties that are fully separated metered -- gas, electric, hot water all metered for individual units- Significant increase in property management -- evictions, late rent not because somebody simply forgot to press "send," potential domestic issues, issues between tenants, etc.

.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

Electric stove, hot water heater, etc.I hope this helps. 

I would add that the current Utah investment market is red hot and it is hard to find good rental units for a decent price.  

I had repainted the floors felt with hot water heaters and broken hvac systems. 

I see you around the forums every day and most of your posts are either misguided or full of hot air.

Remember that a broken hot water heater costs about the same to replace no mater what your rent is.

If you day-trade or read the tea leaves for hot stock tips or play the ponies or simply put your money in index funds, do any of these things occupy your interest like real estate?

This asset class is as hot as a Texas summer, and the numbers prove it.So, let's first look at the demand and occupancy.