If you have not paid the "Apprentice" program you will just be another sucker that paid at least $20K to finance the Groves lavish lifestyle, and you will get very little back from it.I have been attending many of their meetings, and over the course of the months and years I have seen very mediocre people with very little experience or skills in real estate to be presented as real estate investors, many of them people that have barely made any money on their deals, and that have done very few deals.

@Becca F is a good example of that in her big post.Your better bet is to go after a really high quality properties--maybe not Cali--but other areas like Tennessee, Carolinas, pockets of Texas, etc., if Cali is too rich for you.

With it being such a unique property, I bet you'll start getting repeat customers and as you build up positive reviews and the same people start booking it again year after year, your schedule will fill up more.

Anyone claiming it does is purely misrepresenting the law, and is looking for suckers to sell them to.  

If your goal is to become financially free quickly, your best bet might be to sell and buy something you can house hack but if that isn't an option, keeping this house rented for the next 10 or 15 years could essentially retire you so long as you can find a way to avoid losing half of it to taxes. 

I didn't see anyone mention the Five Point neighborhood, so I am going to guess this is a relatively unsafe bet?

It will be hard to find that type of free cashflow after all expenses in Austin but I would bet you'll see higher than average appreciation.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

I bet Chris!  

BUT, if you build another structure, all bets are off.