(Short term in the peak season <30day bookings, and mid term for the rest of the year >30bookings).65% occupancy rate is common around the metro for Airbnb.

When you choose a living situation with other people above, below or beside you that share walls, especially an older building, you should not be surprised that you may hear babies cry, toilets flush, alarm clocks, phone calls, etc.

There are seasoning periods which means you have to wait if you want more cash out if the property because of property improvements, time passed or a combination of the two factors.

We've done something similar by offering local coffee, tea, snack baskets, bottled water, local pastries, and seasonal flavors (pumpkin spice, peppermint, gingerbread, etc.) which have been a big hit with much less risk involved. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

The one thing that myself, and  the investors that I work with have found is it helps to keep those buy and hold properties fresh.I am working with a lot of investors that are turning their older buy and hold into New Construction, Build to Rent.  

I suppose it could be more of a semantic thing, but seasoned RE investors understand it isn't all about the unit #'s, especially when it comes to section 8.

With historical vacancy factored in, that will likely be more like $143,000 rent topline, not including seasonal A/C surcharge revenue, plus about $1,520 in laundry revenue.Expenses: Total operating expenses are running about $59,200, before depreciation or mortgage expense, and not including the offsite property manager role (me doing screening, etc).

Its an older established city with very pretty tree lined streets etc etc..