And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

Have seen owners of condo's and co-op's get into trouble running an AIR BNB out of a co-op.

I keep getting the run around and saying oh it's just the slow months and things will be picking up soon. 

I like the BIGGERPOCKETS calculators for running numbers on these types of deals.

Real estate investing has become a true passion of mine because I love the idea of taking a run-down, neglected property and transforming it into a home where people can truly enjoy living.

Just run numbers in a BP calculator.

(Running joke on BP is that Bill will get a book out).

You can rent the space to an entity that is looking for more space (passive, less scale) or you can run your own sober house like Devana does (way more management, way more scale).

I would be happy to run some properties for you through AirDNA if you have a few in mind that you are vetting?

If anyone wants a copy of the study, DM me.Traveling nurses generally get a 13-week contract with renewals, so you should not run afoul of HOAs.