Focus on keeping upfront costs down and shop around for lower interest rates or lender credits.

Improve the property2.

Their character, their payment record, how well they take care of you property, etc all these things are for you to discover with your tenants and build trust between each other. 2. when it comes to screening, you must check their credit, their paystubs, their employer and landlord references, their criminal background, I also get a copy of everyone's photo ID.3.

Ours tenants mostly pay online, 93%, by ACH, debit, and credit card.

My first property was tough, (credit not in place was a challenge - luckily, got some help on this!) 

For my short term rentals I am really going to focus on adding improvements that will increase my daily rate and guest experience.

Out-of-pocket capital improvements and repairs anticipated during the first year12. 

Some lenders offer construction loans, or you might consider a home equity line of credit (HELOC) after acquiring the property if you build equity quickly.Long-Term Goals: Consider how this fits into your long-term investment strategy.

Make sure you have the right property insurance while the property is being worked on and an investor friendly lender or local credit union can help you refinance or get a HELOC.To Your Success!

Now I aim for bigger and better, I want to buy a home FOR airbnb but I still want to simultaneously still do airbnb arbitrage, the benefits are just too great at the moment and to be honest a lot of the money profit wise I just have been utilizing to put back into the business and further expanding, paying off business line of credit and such.