Hello, we own two AirBNB vacation rentals, aiming to capture both cashflow AND appreciation in the CA market. 

I want to make sure you put your homework into developing a system for yourself in terms of lead capture, lead follow ups, property comping websites, potential buyer prospects, what sells in the area, etc. 

My plan starts out with a mission statement summarizing my goals and objective and captures my spirit in how I want to run the business.

Whatever captures one's motivation and passion for a career that's challenging should be what is pursued. 

I understand how and why to use a standard formula of 70% ARV - repairs - my wholesale profit when making an offer to a motivated seller.However, I have some buyers who seem less interested in getting a great deal (30...

Apartments (100+ units):Pros:single locationsingle transactioneconomies of scale (painting 100 units is cheaper than painting 100 houses)professional managementhigher capital gains due to forced appreciationcan be a truly passive investmentCons:higher turnoverhigher maintenance expenseslower COC returnssmaller pool of potential buyersHouses:Pros:lower barrier to entrylower turnoverlower maintenance expensesno need for professional management on a smaller portfolio (less than 20)higher COC returnsbigger pool of potential buyersCons:multiple transactionsmultiple locationshigher per unit repair costslack of forced appreciation beyond initial equity capture (ARV - purchase price - rehab)professional management is more expensive than for apartmentssemi-passive

I presume that you want to capture the name and contact info from the caller.

It was pretty rough, but we were able to to all the renovations plus furnishing and adding a raised deck to capture a sea view for about $30k mostly doing it ourselves over a nine-month period.

It looks like you may have captured a free floating full torso vaporous apparition there.What are your plans for the rehab, if you don't mind me asking?

If I had to pick one over the other, I would pick a site for sure for a number of reasons, the most important being that it is very easy to capture people's contact information with a site...isn't that the main goal after all?