Quote from @Jarrod Ochsenbein: I purchased an existing Padsplit with a DSCR loan. 

I purchased existing STRs that cash flow! 

Hey @Jonathan Sanchez, a lot will depend on your area.If you are buying in a saturated area with lots of competition, then using an aggregator like Pricelabs to help make your pricing accurate is handy.If you are in an area that has less, then simply looking at nearby properties that are similar to yours on VRBO and AirBNB.

Quote from @Sean Gallagher: If there is an existing lease, you must honor it.

I think that overall the economy will go nuts, but I still think STRs are saturated, they just got too much attention back in 2019-2021.

Quote from @Sami Gren: I start by making the original tenant fill out a form requesting to add a new renter, and they pay me a $50 processing fee (I charge a $50 fee any time I make changes to an existing lease). 

The problem is the over saturation of them.  

He said that the insurance company gave him a discount because the materials are less susceptible to fire than common materials used like asphalt shingles and stucco.  

Saturation is definitely upon us but quality product continues to get booked just like other markets.

Four properties were existing STR's that had a permit 'transfer' and the other half were eligible properties that successfully launched with astounding success.