This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

And the refinance is not a taxable event.

Quote from @Ogonna Odo:  Small ones will not, they typically like cash or checks.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

Do you see a model like this catching on?

Like you a purchased my primary residence in 2017 as an estate sale and landed an amazing deal which still holds a large amount of equity.

Most likely trying to find a sucker to buy this and take over the costly legal battle they are entailed in.So next time someone is like "yeah just get a deed in lieu at closing", think twice about that.Actually, I use the deed in lieu.  

I'm surprised by some of the responses here about how people like VRBO more than AirBNB.

I think this discussion becomes a lot more nuanced on single family homes because they typically are situationlly turned into rentals like yours in nicer areas.

I worked for a property management company that requires all potential tenants to check into the main office prior to showing as a means to provide a safe showing for the employees.