So you would either need to learn a lot about how to be an awesome STR operator and you would probably need to put into your home $20,000 to $100,000 in adding furnishings, design, and adding amenities to make the property desirable.

Cleveland Heights so far has been checking those boxes with hospitals/universities.

So there's no point in having an out of state LLC in that scenario.I would imagine other states have similar laws, but I do not know for sure.

Personally, I invest in properties in C-Class neighborhoods in my market (East Linden and Southern Hilltop), and they’ve been cash-flowing well so far.

I've definitely made some mistakes here but I'm going to be very candid with the info on the deal, so please go easy on me haha.My brother and I purchased a property on a large lot in Culver City CA in 2020 that was essentially a tear down. 

Update: Decided to go with Total Quality Lending and all is going well so far.  

There isn't much I can add here except for the local expertise of the Boise area and our sister company property management team get these inquires often from tenants - so we have seen many ways how not to inquire about it and a few good ways haha.

(He’s not a lawyer so it’s not life and death. 😂)Second component is understanding what the AI indersgands when it views a photo and how accurate it is.

But keep in mind room rental is a lot more management intensive so that is something you should budget for if you plan to hire a PM.

It requires no money upfront, so you will join thousands of others trying to do the same in your market.