We haven't yet, but I would think even for $300 a year it would be worth it for just one stay!

Personally, I like to update it weekly—it helps me stay on top of things and, honestly, I find it fun!

From my understanding you would have to sell the property as a business...a resort style destination with a number of amenities and places to stay.

Those details can ensure your projected $25K profit stays on track. 

The security deposit goes into its own account and stays there, untouched.

It ended up okay, but it sure taught her to slow down and get comfortable digging deep into the due diligence.Here in San Diego, I’ve seen the seasoned investors always double-check with a well-regarded local title attorney..I’ve heard there are a few firms around downtown that specialize in smoothing out odball title issues..or a trusted property manager who knows what unique fees to expect.

It also has the benefit of being local which is great training wheels as you learn how to be a killer host.Now assuming that you mostly want a cool property to stay in sometimes near water and don't want to spend a ton of time managing I really like the outer banks in NC.

Working with a CPA can help you navigate tax implications, and staying focused on long-term planning will set you up for success.

I hope the tenants stay for awhile, and you keep the vacancy rate down.

As long as you are comfortable with the sponsor (Brian has a solid reputation) and the opportunity meets your criteria, then it is your decision to move forward with the investment.