I would just take into account that a lower down payment will mean a higher monthly payment so be sure to run the numbers conservatively in order to ensure your STR revenue is able to carry your monthly payment with this higher mortgage cost. 

This means a new buyer must either already have an account, or must start one and the property starts over with no reviews, etc. 

Would you take an escrow account with a deposit?

I’d recommend building relationships with agents and accountants familiar with these markets too—state-specific tax strategies could make a big difference in your bottom line.I’m excited to see how this plays out for you!

This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.

Ultimately, consulting with a real estate focused accountant is the move here, but this should be a helpful primer.

Hi, Jaycee The deal makes sense for me after accounting for all expenses including vacancy, cap ex, and repairs.

Quote from @Kaaren Hall: @Jonathan Chan our account holders invest as lenders as well. 

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. 

If I scale to a point where I no longer have time and have to outsource, that line item is already accounted for and the property will still be profitable.