Get your furniture from thrift stores in nice neighborhoods (good quality, medium price) so you don't care when it needs replacing.It's totally fine to move the booking off Airbnb and book a guest directly (just don't double book yourself).

You also want to be on a highly traveled road in a visible location in a medium to high income area.Example 1: we invested heavily in a self storage facility with over 600 units in the tiny town of Beeville Texas.

Mother Nature decided to drop one medium size tree on a small section of the vinyl fence that runs the length of the property.

You need to walk quite a few properties with a general contractor and/or PM to get an idea of "light" vs "medium" vs "heavy" rehab. 

In my area, the medium sized buyers (1-10 million) are either experts in MHP or MFR, usually not both. 

It's a happy medium between PM company (who I have seen take up to 40%) and self-managing (which can become time-consuming if you don't have great systems and processes in place).

@Lukas Ku just wanted to point out that by code, a habitable living area should have a minimum of 70 sq ft with a minimum width of 7 feet in one direction.

More for a medium sized commercial property. http://sexsonmechanical.com

Just purchased a completely vacant 3 story, 23K sq foot retail/office building on the edge of a decent downtown area in a medium sized city.We are going to rehab the whole thing but still undecided about an elevator.

Do I take the time to save up for a medium sized multifamily apartment complex (20+ units) or do I continue to buy small MF 2-4 units?