Quote from @Roy Gottesdiener: I own a rental portfolio that generates around $1,600 in monthly cash flow and has $400,000 in equity.

But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.

I market on Craiglist, Zillow, FB and Apts.com and get great leads from each in my market.

Typically, if they can make it work as an STR they go that route because it almost always generates the most revenue.

Capital generation is always good with a flip, or maybe getting into a value add deal, leveraging hard money to  update the property, then re-fi and hold.

Brokers either get leads through a network of brokers in other disciplines or organic contacts.

No matter what you do I think you are going to have guests point out that something isn’t working which could lead to annoyance or requests for refunds or bad reviews.Plus, providing bottled water over the long term probably isn’t going to save you much money compared to paying a plumber to get the fridge connected. 

The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

However they are missing out on all the revenue a property can generate.

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps?