Only do 1 yr leases... actually, I prefer M2M, but I understand we're in a different market.I say, do a small upgrade (ie: new light fixture, or change electrical outlets to have the chargers included), and then raise the rate something  reasonable, $50 this year, and do the same next year, and the year after that. 

We went to look at it toward the middle of March 2015 and there were holes in walls, missing fixtures, odd electrical (the wiring for the back porch light and exterior outlet have been pulled into the master bedroom), tiles missing in the master shower (green plastic was duck taped across 2/3 of the surround so they could use it anyway), and cabinets missing that were not that way in November when it was listed with our Realtor.

As mentioned before, watch out for unexpected large expenses that might have been overlooked on the initial walkthrough.

If there is barely enough capital to cover closing costs, you are one sneeze away from pneumonia (vacant month, unexpected repair, bad debt, move out, etc.).

Just bought a townhouse on Iliff east of Peoria, and have been looking for electricians to address some shorted outlets and lighting issues we're having on the 16 foot high cathedral ceilings.

, Im such a passionate person that in my own community and town that I currently live in is starving for great ideas and creativity that I have and its driving me crazy that I can't do anything about so hear I am looking for any kind of outlet that can help me on my way to make my town a little less like vanilla and more like an awesome flavor of chocolate almond crunch, looking for any tips and tricks anyone can provide , stay blessed and great success to all 

Luckily I’ve gotten 5 stars from all my guests (cross my fingers) even from the ones where unexpected issues arise.

Also, if for some unexpected reason air bnb doesn’t work out, id rather rent out 4 units long term then just have one house.

I wasn't really planning on using a private/hard money lender, since I was only going to make cash purchases to the point where I would still have 6+ living expenses and then a little bit extra for unexpected costs. 

@Ted Kawabata Take the thermostat cover off and a couple outlet covers in different areas to check for sign behind them.