It's not even hot here and it gets chilly at night. 

Yes this was a air bnb booking. 

The extra rent they bring you will be 3x that, and they will do all the work while keeping you out of legal hot water.

Buying into negative cash flow in hot markets is fine, but I think it's safer for house hackers and not for investors.

I have an old house on an exceptional lot (great street and mountain views, larger lot for area) in an area of SE Denver in which new houses can sell for more than 3M. I could probably sell for 850-900k), but realize ...

You'll have to create different marketing campaigns directly to property owners and find those hot off-market deals. 

I would add in addition to square footage and sleeping capacity look at similar amenities.If everyone in your area has a hot tub , then you need one too.

I’m not saying anyone should rent if that doesn’t align with someone’s long term goals, I’m just saying that in most cases if your goal is only to be somewhere for a few years it makes more sense to rent, real estate isn’t magic you just simply can’t create a deal out of thin air, margins are the margins, rates are the rates & you make a plan based on that, but there’s not some secret way to make money, even off market deals I’ve found are often worse margins than on-market deals.

➡️ How many air conditioning (AC) units have been replaced in the last two years?

Someone else on this chain suggested they were already trained, but I assume they meant on Air Bnb, not trained on your specific way of doing things.