Some do 200k a year or more.No way will I believe that unless someone shows me their audited books.

For more details buy the Book on Flipping Houses,  for a few bucks. 

Honestly, as sexy as it sounds to be active and go after them on your own, as a rookie, even with some book education, the real world can knock you on your azz so I would suggest going with a very experienced and proven sponsor.

I use pricelabs as a guide but it takes time "in the market" to see how guests are responding to pricing.

I’m lucky to have a fantastic mentor who’s been guiding me with advice and tips.

@Tim Delaney you asked what the return on equity would be and I'm not sure--I don't have that formula in any of the books I've purchased.

Not as much money as Airbnb or STRs but less work than STRs and more money than LTRs, and as someone said, if you've already got it furnished, it's an easy transition.Also, anyone interested, might check out "Erin's Guide to Midterm Rentals."

Here's what we do for direct bookings, our booking flow is different for Airbnb bookings.1.

I would at least let 1 or 2 bookings happen or your next unit to add in a new piece of technology. 

I tried to book it on ShowingTime but the agent said I needed to give a 24 hour notice.