Startup cost: $5k - $50k

The low-end estimate covers basic essentials like a security deposit, minimal furnishings, cleaning supplies, and listing fees on platforms like VRBO. It assumes using existing furniture and minimal marketing. The high-end estimate includes purchasing a property or significant renovations, high-quality furnishings, professional photography, advanced property management software, and a robust marketing strategy. Hidden costs can include maintenance, utilities, insurance, and unexpected repairs. Many online discussions highlight that costs can escalate quickly, especially with property improvements and marketing efforts.