Underwriting against the seller's number
The single most common mistake is accepting a seller-supplied revenue projection instead of building an independent estimate from comparable listings and trailing platform data. It's the fastest way to overpay for a property that never performs as advertised.
A close second: budgeting only the down payment and forgetting closing costs, furnishing, and a slow-season cash reserve as part of total entry cost.
Skipping the regulatory check and the exit plan
Buyers who fall in love with a property before confirming permit transferability or checking for pending local ordinance changes sometimes find out after closing that the rules they underwrote against don't apply to them.
And almost no first-time buyer thinks about the eventual sale or depreciation recapture at the time of purchase -- which is fine to defer, but not fine to ignore entirely. A structured process is built specifically to walk through each of these before an offer goes in, not after.
BNB Accelerator's acquisitions team, led by Nick Korom, screens over 1,000 short-term rental listings a week and hand-delivers the roughly 2% that clear underwriting. Book a free consultation to see what a done-for-you short-term rental acquisition looks like for your situation.