Purchase price: $925,000 Cash invested: $75,000 Sale price: $1,190,000 Bought and styled and managed a luxury Airbnb in Scottsdale.

I need some tips for investing when your immediate home is a HCOL area.

I question if they get kick backs or actually hold ownership in this company.

You can easily do this on a spreadsheet and it will take less time to track than it would to find and learn a new software.

I am currently looking more for turn key at this point.

The information contained in this post is not to be relied upon.

Yes this leaves more money in the deal but it reduces my risk and ensures I can remain profitable in a down market. 

Hope that helps explain the policy a bit more :) I need to stress again that I was not in the right frame of mind when I made this post.

As a property manager I've built up a rolodex of reliable professionals that I provide for all my clients, however in self-managing you will have to invest some of the time in finding those professionals for yourself.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?