This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.

**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.

It may be best to find a professional management to assist until you learn what management entails, enough to make a decision on if you wish to self-manage or not. 

Investors will need this information to assess the investment opportunity.Present Your Proposal: Prepare a compelling pitch highlighting the opportunity, your expertise, and the potential returns for investors.

The investors who are preparing to buy their first property and don't have two pennies to rub together wanting to spend thousands on complexed entity formation for asset protection purposes. 

Be prepared to pay points and high rates compared to a HELOC. 4.

The truth is, if you want to invest today in this area you need to be prepared to run your numbers differently to justify the investmentWhat worked 10 years ago doesn't work today.

Also we aren't sure if we are prepared to turn the whole house into a rental yet.

You also should prepare yourself (financially and otherwise) for this tenant to holdover at the end of the term.

A 4 bedroom unit would be in the $100K range.This means I'm looking for older homes in the older parts of the city.The buildings may be more rundown and need some extra maintenance but it makes it easier for me to get cashflow out of them.Your approach should always be to find deals, offer 15-20% under asking price, be prepared to negotiate, and lean on your team of experts for the heavy lifting.