It's real estate in markets with population growth, it's pretty hard to lose money if you get an inspection and appraisal."....Wishful thinking at best when buying C/D properties.

I look forward to meeting new people from different backgrounds.All the best,ThobyDelaLuna

Jon, I have done this and honestly their nightly rates in most cases are within $20 per night of my place which doesnt have a pool.

Best of luck to you and keep learning.

Best to hire it out, even though it hurts the margins, it saves my time and stress substantially.

In this era of increased rates, obtaining properties that will produce a good return are harder to find and often involve quite a bit of work.  

Some of the best advice I got that I will forget was this:"SOME OF THE BEST DEALS, ARE THE ONES YOU DON'T GET"Let that sink in for a while...I remember 4117 s Michigan Ave. here in Chicago, it was an awesome 8 unit full gut condo conversation - I loved the deal and still belileve it would have been a great deal, but would have pinched me so thin I am not sure how I would have survived. 

I wish you the best of luck. 

I am currently living in rental apartment and, I am looking for best strategy for first investment.  

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.