I have great photos (clear, bright, well positioned), it's in a great area where people love going to for Coachella and Stage Coach music festivals, there's a beautiful pool and hot tub with lounge chairs, I have Instant Booking on both Airbnb and VRBO, I have nice furniture and decorations, and I have the nightly prices slightly below my competitors.

There will be music and drinking, lots of noise, parking issues, trash issues....this one event could cause you long term rancor with your neighbors.

I don't listen to music. 

Aside from an interest in real estate investing I am the founder of a small running group at the University of Wyoming that's getting started this fall and I love theater, music, computer programming and building things!

Instead of listening to music, I decided to purchase an audio book.

I hear so many people complaining about general contractors that take deposits for repairs, and run off like The Music Man, never to be seen again, having never made a repair.  

Wealth is composed of three things: Family, Freedom, FitnessYour Freedom is made up of your most valuable asset - Time.

And if you don't follow the guidelines precisely, you can be caught without a chair when the music stops.  

Strict adherence to code means that a Fire Alarm System is composed of a central panel tied to smoke detectors, strobes, horns, and pull stations throughout the building, that will automatically trigger a call to a particular call station (depends on the vendor/installer), which will then call the fire dept and 2 personal phone numbers on file.In the case of my tiny triplex, this would mean that when a tenant burned the popcorn or sparked up a joint at an odd hour, the whole building would go off in lights and honks and false alarm calls to make me panic!!  

There is only one place I may need to 1031 for a more profitable one.Our goal is dependable monthly cashflow - we'd like to be able to live off of it sometime in the next 5 years so I can slow down my day job as a music producer and spend more family time.