@Taylor Kendrick, as Remington noted, it is a pretty simple process.  

BRRRRs are not simple.  

Are they communicating with you all the time with updates etc? 

Looked at the product features and saw this:Start your Airbnb search optimization with a set of simple tools.

Just be clear and fair in your communication, and let them know that while rent is increasing, they’re still well below market.

I'm asking specifically because I am thinking about throwing a treadmill or elliptical machine in the living room if the person wants to exercise a little while they're there.The unit isn't huge (around 1k sq feet) and it will probably look tacky, but I was wondering if other people have found value in providing some simple exercise equipment, even if it seems out of place.

I think I'll just sell to cash buyers to keep it simple.

Get the lingo down, see what others are doing, see how the communication is, listen to 100 pitches for LPs, get on the deal flow lists, get on some property tours. listen to the podcasts for 2-3 months. 

If you want to house hack in Northern NJ its simple, I am the go to realtor. 

Thanks for sharing your knowledge For a rough calculation you could take the annualized P&I payments / the purchase price. 1256*12= 15,072 / 75000= 20% annualized returnI use a simple xls spreadsheet with Present Value (PV) macros to calculate my offers based on P&I payment and remaining term.