The percentage of the projected AirDNA revenue will depend on your experience and credit score.

Many are using Orlando and the surrounding area as an example of why STRs are no longer viable.Most of us know that the greater Orlando area is super saturated and that the main money makers are the huge places that sleep 20+ with incredible themeing in just about every room.There are plenty of areas in the USA that can support great returns but like any real estate purchase, you need to do your due diligence.

It gives you a livability score and its a good way to gage different areas and what they are like. 

If a tenant passes your requirements—credit score, income, background checks, and landlord/job verification—then I typically charge just the security deposit plus the first month’s rent.

Some are incredibly simple and require little to no repairs. 

Quote from @Mei Zhu: Transunion Smart Move has an online application and screening that I recommend.Whichever you decide, make sure they provide a full credit report, not just a score.

If you make six figures, then i'm guessing the only stumbling block is your credit score.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Here’s a rundown of my current situation:- Own an S-Corp (landscaping) generating 70k a year- 160k in available cash funds- Credit score around 720- Zero debt- Own one property valued at 365k, 30% equity- Property is rented by the room generating $400 a month after mortgage and taxes- Additional 590sqft house is being built in rear of property for 60k.

a lot of successful investors I know and have spoken with have not done incredibly sexy strategies that seem to blow me away.