They’re like mini-dictatorships; even after you pay them off, HOA fees keep piling up, and it starts feeling like a timeshare.Miami, while beautiful, isn’t known for cash flow unless you have deep pockets to buy beachfront properties and can afford to take losses while waiting for long-term appreciation.

If you can get all the bedbug containing furniture out of the place and it will sit for awhile (or let it sit while the other repairs are done) you may be able to avoid some cost, but if you want to get a paying tenant in sooner rather than later you will want to bite the bullet and get it well done.

Another thing to note, these are high-paying jobs being moved to Phoenix. 

People like it because you don’t need to own property—just lease it, list it on Airbnb, and make money if guests pay more than your rent and expenses.The catch?

I purchased both as a package and for the next six years enjoyed great cash flow as I paid the tax on the house lot annually at about half of what it should have been and neglected to pay anything on the tennis court lot.  

The School of Hard Knocks is the best education, but if your company will pay for it, I would go with an MBA for future (non-RE) career development.

A property is only worth what people can afford to pay for it. 

Coin jams are going to be your second biggest headache unless you invest in those fancy ones with tap-to-pay but those cost a pretty penny.

I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.

The nice thing about the arbitrage business model, is the companies usually pay you a monthly rent, and then they handle all of the AirBNB stuff.