They’ve been solid investments, with rising rents and property appreciation, but over the last 2 years, skyrocketing HOA fees and stagnant value growth have reduced cash flow.

Make sure you get professional photos because the bar has really been raised for midterms over the last year. 

Last year, I put one up for sale in November and...nothing.

I am 20 years old and for the last 5 months I have been learning hard money lending and I am diving into the real estate community to meet new people and learn.

Lastly, if you still decide syndications are appealing, get educated on how to vet the lead sponsor (including deep background checks), the market, and the deal itself (even though some concepts are similar, it is not the same as the single family long term rental analysis).

The property has done quite well and has appreciated nicely over the last couple of years as I’ve gone through and improved things unit by unit.

Airbnb offers $3M damage protection insurance (AirCover) if guests don't pay for the damages they cause, and $1M liability insurance if a guest gets hurt or their belongings are stolen.That being said, I too do not allow instant booking or most last-minute long-term bookings out of nowhere.

This will also help them last longer together as a pair in each unit.

While it's definitely doable here, our market has gotten pretty competitive over the last few years.

I chose the cabin based on comps from the last 6 months in my area.