In 2016, Ducey signed a new law that prevents municipalities from restricting short-term tourist rentals and also ensures that renters pay applicable taxes.Rillos, the Airbnb spokeswoman, said 1,900 Tucson properties are listed on the platform, though not all are actively renting.

This home was in very nice condition, it only needed new interior paint and to refinish and stain front wood stairs and porch at entry and window box.

Finally, from a lender's perspective, lowering the LTV percentage increases the DSCR (Debt-Service Coverage Ratio).Manage WellIf things get scary, do NOT stop implementing your preventive maintenance plan, as that can lead to a downward spiral.

So I ask - what are some of the mistakes that you all made out of the gate in real estate investment that helped educate you quickly, and knowing what you know now what may have prevented it?

Example- if a tenant ruins (badly stains) a carpet that is still good but a few years old, you can’t just charge them full replacement cost.

How did you prevent the seller from simply closing with this other buyer?

It also could prevent them from being unhappy at you for any decision the "owners" made. 

Probably not, you'd probably only consider this because you had bad credit or low income or something that prevents you from living in a safer place.I bet the turnkey provider has rents too high for the area as well...Can you make money on this type of asset...sure but not by paying 70k for it.

Taxes/ year: $3,002,  Insurance: $1,573,  Trash/ year: $654,   Electric/ year (exterior lights): $420,   Water/ year: $1,200 sewer/ year: $1,500,   Spray for bugs/ prevention: $311/ year,    Lawn cutting/ year: $640,   Misc (furnace filters/ 9v batteries): $250I have gotten mixed reviews back from my colleagues when they go over these numbers with me.

Hope future lawsuits help set more precedent that prevents even mild predatory selling tactics.