You can also choose to take the consistent lower risk 70% of expected income model where you get that same check every month, regardless of turnover and vacancy rates.

As for other potential challenges, keeping the layout consistent and dealing with any uneven subflooring might be things to watch out for.I've had a similar experience with a project like this, and I found that using this comparison site really helped me find affordable service options.

Be fair and be consistent. 

Rockaway Beach has made consistent appearances on many top beach STR investment lists due to a balanced price to ROI ratio (and majestic destination) with a historically a low barrier to an STR permit.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

The mailers I send consist of distressed properties that I drive by using the driving for dollars method, pre-foreclosures, divorces, and absentee owners. 

In the end with vacancy and low travel months you might not have the consistency you would get from multiple LTR's.

A good mentor with “one on one” teaching would not have allowed that to happen and would keep you from making those mistakes.Also, you should have been given the option of a money back guarantee, like we offer, if for some reason you don’t buy a property.But to use your experience of making bad personal decisions, after the fact, to try to reason that you are better off going on your own, is simply called "self justification" and is not consistent with the picture you paint.Wow, what gave you that impression? 

And even those aren't really passive because you have to be consistently monitoring the performance of the vehicle to be sure they're not running it into the ground, participating in capital call discussions, etc.

It's one of the most consistent forms of acquisition money out there for us as investors.