If I acquire the second property with full cash, that's at least an instant equity which I may be able to tap into for 3rd, 4th,..assuming properties rise in value over time. 

Hi Evan- I have a lot similar feelings, as I'm a younger investor as well.I'll say this- We live in a world now of instant gratification.

After the appraisal, I had instant equity of 25K.

You are young and have plenty of time and opportunities coming your way, just continueyour education.I see some people posting on here with credit card debt wanting to invest, which doesn't make sense to me, the best investment for them is paying off their credit card debt and they instantly make 20+% from not paying the interest.

Don't forget that Airbnb is sending messages, as well, so you will be doubling up.I have 3 auto messages:(1) Booked instantly - I let them know we are looking forward to their visit and highlight the unusual things about the listing that they might have overlooked about the listing and let them know they can cancel within 48 hours.(2) Morning after check-in - Asking them how their stay is and if there is anything they need.(3) 5:00 pm the evening before check-out reminding them of the check-out time and instructions.8 days before check-in, I send them a manual message reminding them of the upcoming booking and asking them for their ETA for an in-person check-in or instructions if they'd prefer a self-checkin.

The differences in bed/bath counts actually do not matter that much, but typically sqft does.If you are off by even $100/mo per unit rent-wise, this could turn an 8% CoC return into a 3% CoC return instantly - in which case you'd have been better off just putting your money in the S&P500 and not a rental property.

I was able to enter the address and some info on their website and get a nearly instant report emailed to me but they followed up and I sent them pics and the scope of work and gave me a more personalized quote. 

Throw in leverage and instant cash flow, you can’t go wrong!

This strategy was never meant to mean instant wealth.

)For a moment I felt the lure of push button marketing on the internet with instant access to cash buyers and amazing leads!