I think that is a fair price and that will help me with my breathing room and hopefully help pay off my place faster, or at least so I can reach 20% equity so I can stop paying $110 a month in PMI haha.I'm obviously going to be checking credit score, making sure tenant has a stable income, no criminal background, etc.

We've got strong job growth (tech, healthcare, education), stable population growth, strong rental demand, and plenty of value-add opportunities in multifamily.

Lenders want to see two years of stable income before they loan money to you.

--reach out and thank them upon getting the booking and ask if they have any questions--send a "Welcome" email or automated message during the week prior to arrival--reach out the day after arrival to ask how everything was the first night and ask if there is anything that the property needs--reach out at the end of the stay (that morning or within 24 hours) and ask how everything was, anything to improve, anything to add to the house and then offer an incentive for returning guests.My 2 cents,Mike Absolutely stay in your place as Mike said.You will see things the cleaners will never let you know about.We stayed in our PF will putting up the Christmas decorations and found a cracked plastic shelf in the fridge. 

Lesson learned is to pay more to get into a nicer area (B neighborhood) with more reliable tenants to avoid the vacancy risks, but again, if we can just get the 2nd unit filled we will finally have stable cash flow.

If you go that route, focus on stable, landlord-friendly areas with strong rental demand, and build a reliable team on the ground (property manager, agent, contractor).Regarding property management, it depends on your bandwidth and goals.

In this type of area having just 1 or 2 properties is ok because your tenant base is higher end and more stable. 

When a PM does charge a markup, he's usually getting a discount on the service to keep the cost stable.

It’s stable cashflow and long term appreciation and tons of accelerated bonus depreciation on taxes. like most anything in real estate it’s a long term play. 

While I’m more financially stable, that hasn’t translated into feeling more secure—I simply take bigger risks now.That said, I’m incredibly proud of what I’ve accomplished.