How many neutral letters are you sending?

Neither VRBO nor Airbnb are vetting guests, either.The best you can do is have some internal controls, such as minimum number of nights.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

My biggest struggle right now is understanding whether to get a HELOC on my primary home or do a cash out refinance so I can get started.

Eliminate debt, establish a budget, and save.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

No Double Closings or Hard MoneySince the seller stays on title, I don’t have to use hard money or worry about double closing fees.

It would be a tight budget but I do have money set aside for repairs.

@Jesi Young I am looking forward to your blog!

I'm looking to do a third house hack/BRRRR in the next 2 years.