This is why it is first and foremost critical to understand the costs of owning a note.Things like legal fees, servicing, and insurance are all getting more expensive.

Above all else timing is critical.

When you are building a legacy to pass down to your kids and grandkids, asset classes that take multiple forms is critical to longevity.If you were a long-term investor of Blockbuster stock at one time you would have felt like this would last forever but stick to the fundamentals and invest in tried and true methods for the long run.

Add $800 for paint, floor covering and essentials plus my laborer for 2 days and my total cost was about $1400.I painted the 30 1200 to 2700 sq ft homes in Las Vegas with two helpers including ceilings and it never took more than two days to paint a house and that included removing all the electric wall plates, dropping ceiling light fixtures, removing smoke detectors, cleaning windows, installing new blinds, cleaning bathroom fixtures and it never took the 3 of us more than 2 days because I am good at knowing how to get the most from my workers like a Lakers coach knows which players to put on the court because the cost to do a paint job is not as critical as the time it takes because when I go to Las Vegas to manage a job I have to leave Los Angeles and my 20+ employees without my micro-management and "When The Cat Is Away The Mouse Will Play" if you know what I mean.I am a very difficult person to work for because I am 71-years old, a workaholic, a fast worker and when young workers are slow I fire them within minutes when they are working because I don't like to have to waste my time and stop the work I am doing to constantly check on my workers and I don't like to get emotional and have to keep correcting workers when they work sloppy and slow.

And more and more Airbnb guests are becoming critical of cleanliness, supplies provided, and check in and check out requirements, while also being more open about leaving less than positive reviews on your property if you charge onerous cleaning fees or don't provide enough toilet paper.

The videos are critical for the following reasons:Too often, the photos on the MLS do not reflect the actual condition of the property.Videos do not tell you everything - for example, a strong pet or smoke odor.

We don't make you sign waivers and try to silence our critics. 

All jokes aside, a good rule of thumb is that investor type hours do not count more so hours that are critical to daily operations.  

Probably the most critical piece missing is the fact that STRs can provide a tax benefit for one year only, their first year.

Their source of income is critical as they have no backstop (sick days, health insurance, etc).