👋It’s a pleasure to join this community and connect with people passionate about real estate.

I would closely monitor your competitions pricing to see what is working for them.Vrbo has built in tools to monitor when people are searching for specific dates.

We make people take photos of themselves holding their ID and then I also meet them in person for the showing - at least for my units on the NW side of Chicago.I've never heard of these testers, but I am not surprised. 

I get a lot of applications from out-of-area people, typically moving from another state.

People like it because you don’t need to own property—just lease it, list it on Airbnb, and make money if guests pay more than your rent and expenses.The catch?

@Isua Mbang I haven't used this product but it comes and goes under different monikers, velocity banking/all in one loan/accelerated primary residence payoff etc It could potentially work but keep in mind that most people don't have stable enough finances to make this work.

I usually like to start it shorter to be safe if I need to end the tenancy, but I know some people opt for the longer 14-15 month leases.

I got caught and lost my money and more and more people are also reporting similar circumstances. 

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Hi - I am new on this platform - but am looking to help people accomplish financial freedom through real estate.