I  bet you will lose 1 tenant  only 

@Becca F is a good example of that in her big post.Your better bet is to go after a really high quality properties--maybe not Cali--but other areas like Tennessee, Carolinas, pockets of Texas, etc., if Cali is too rich for you.

With it being such a unique property, I bet you'll start getting repeat customers and as you build up positive reviews and the same people start booking it again year after year, your schedule will fill up more.

I didn't see anyone mention the Five Point neighborhood, so I am going to guess this is a relatively unsafe bet?

If your goal is to become financially free quickly, your best bet might be to sell and buy something you can house hack but if that isn't an option, keeping this house rented for the next 10 or 15 years could essentially retire you so long as you can find a way to avoid losing half of it to taxes. 

It will be hard to find that type of free cashflow after all expenses in Austin but I would bet you'll see higher than average appreciation.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

The initial training is a 12 week program where each new investor will be told to set up an infrastructure of a legal entity, business cards, phone numbers, web pages and miscellanea, to pretend to be a real estate investor, because all this, will not really make anybody a real estate investor.

I bet Chris!  

@Wayne Brooks your explanation is what I would expect but I keep reading on various lawyer web sites that the transfer tax is 7% of the current mortgage which for a 150k mortgage is 10,500, which is just nutz!