Treat this first year as a chance to gain experience and refine your approach.

You also tend to get more frequent and better feedback than with an STR, if you treat your residents well.The last quadrant, unnecessary but not obviously so, is usually as a result of either converting an STR to an MTR or from remodeling above the standard needed.

It does seem like the little guys found a way to make a little money here (Airbnb is often someone's first taste of owning a small business) and now we're going to treat all STR owners like a big corporation. 

@Ali Mol In a lease-to-own agreement, the $1,666 monthly credit should be treated as a liability (deferred credit) rather than rental income, as it is allocated toward the purchase price.

Unfortunately - there are a couple of issues here that likely make this hard to finance:-"Cabin style" dwellings typically are difficult to finance as the secondary capital markets treats these differently than standard single family homes as the buyer pool for a "cabin" dwelling is less than that of a standard home.- Yurts: Lenders typically have difficulty financing Yurts as they are moveable collateral.

They are treated differently.

Mobile homes are treated differently depending on if it has had "elimination of title" or not.

You will need to find partners, you will need to travel to where you wish to invest, you will need to understand the ins and outs of the business by being actively involved and treating it like a business and not some super passive investment.If you don't want to do that work I suggest you just put that 200k into some sort of diversified mutual fund that can make you 10+% on your money without any of the work of real estate.At the end of the day this is just my advice and I'm only a stranger on the internet.

Treating people like people doesn't mean you make the relationship personal as Nathan suggests and not all tenants will screw you over whenever it suits them.

These are primarily found in cities with a population >1M.Pro-business environment: Many cities treat employers as adversaries through restrictive policies.