We got started, but they hired an appraiser and charged me $750, while typically appraisal costs around $500.

But me, i will be penalized with the guests relocation costs, according to booking.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

Keeps costs low and guests satisfied!

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

Hotels are the baby of real estate investing and running a business.Unlike any other commercial asset class, hotels are extremely labor-intensive to run but can spit off ridiculous cash flow.

So I would say either you need an agent who is a better negotiator than you and justifies their cost or if you value a professional opinion who can double check you.

One issue that I'm noticing is the range of reported insurance costs.

@Jessica Seppo,Many people take the cost of an LLC and funnel it towards more insurance and an umbrella policy.

I have a confession: my only duplex, which I gave owned now for 2 years and recently moved out of from a house hack, has proven to cost me more to maintain/pay taxes/repair/fix etc to the point where my cash flow is close to zero.