Im 27 and I turn 100k to 650k in 2 years by doing this.  

I’m finally wanting to pull the trigger on getting another property, but this time the primary goal of turning the sfr into an Airbnb.

I don't do large rent increases (like $200) because I don't want a unit turn but my rent is in the market range.  

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 lol, yea there is a decent chunk of investors who get really butthurt by that one bad unit turn and just give up.

Originally posted by @Mia Shlomit: Alas - the new ordinance turned this property too into a rent stabilized one. 

The huge amount of logistics employment here is a huge driver to a stable rental community that a lot of investors have been turned on to.

As an experienced PM, I'm intimately aware of how challenging "normal" property management can be which is why I've always turned down rent by room opportunities.

You turn left, and you chase foreclosures.

The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

Now, probably after a long and drawn out court battle, a plaintiff can probably get the lien removed as a “sham”, but a cursory examination by the typical plaintiffs attorney would probably not produce that conclusion.