The other way is called the Enemy Method, where you go to Airbnb and Vrbo, look at your direct competitors, and figure out how full their calendars are, at what prices, keep a tally of their income, and make a guess as to their yearly gross.

I have my accounts set up in the "Profit First" method by Mike Michalowicz, and so far, things are going great!

I'm using the ENEMY method, AirDNA, Mashvisor, Revedy, and Pricelabs for comps and analysis.I was able to select the market and community that is marketed as vacation rental homes and most of the houses are set up as STR.

I have found lots of heirs with that simple method.

You'll need a trusted team on the ground, you'll need communication and transparency.

As your real estate empire grows, consolidating loans into one could offer better terms and streamline management.Overall, your method of buying, living, and then converting properties into rentals is a strong, scalable strategy for building wealth. 

I think she actually had a really good idea.she believes that providing gift baskets for first time tenants that include general house warming gifts, cleaning supplies,maybe a recipe book  and even a small book or brochure of how to care of  a house would be a great start to a relationship/good tenant.the goal of this would be to obviously motivate your tenant to take care of your property, keep it clean, and to create a level of respect between both parties right off the bat. that means (rent on time, communication, a good experience from beginning to end.)im interested in hearing your thoughts about this and if any of you are or have already tried it?

Integrity, knowledge, and communication.

So I made a compromise with myself, instead of putting that $100 directly to my principle, I'm opening a brokerage account that will have $100 deposited into it automatically every month and invested in index funds using dollar cost averaging method.

Google and use the enemy method.