I currently own rentals in Charlotte and Tampa and those were purchased with potential for large appreciation in mind -- not so much cash flow.

Nothing in the STR space is one size fits all, but the ideas can help others see the potential in their property. 

It is very unlikely that any successful guru will give you a ton of one one coaching for $1500.00I’m still a potential target for guru marketing and I have seen many different sales tactics.

.• Our strategy: Buy a fixer-upper SFH in a “B” neighborhood, ideally with ADU (accessory dwelling unit) potential.

Potentially free parking for your guests.Condos can work too, but there are more variables out of your control.

If you inherit a tenant and they have been a good tenant, I see no reason to suddenly ask them to submit an application for a potential lease renewal. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Richmond certainly would have some potential in pulling trades from, but coming from Lexington, you might face an added trip charge on top of the service provided.Over the past few years, rents have increased nationwide.

One way to get tax benefits while you're living there could be installing solar panels or upgrading the energy efficiency of the home. 

Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?