There is no reason for you to pay for a “guest’s” hotel room unless it costs you less than you are charging them.

Have a clear & concise visions for the type of property and guests you'd like to host.

Invest in Real Assets: Use the money in your self-directed account to invest into real estate or other tangible assets such as gold and silverThere are some rules to follow, like avoiding prohibited transactions and ensuring that your assets are held by the custodian.

Up until the trustee sale (foreclosure auction), the home is still owned and fully controlled by the home owner.I’m assuming you’re going to be looking at off-market properties (since loan status isn’t something they advertise on the MLS so you likely wouldn’t even know if it was in default if it’s a listed property).So, in that case, you’d just negotiate a purchase agreement with the home owner and then take the contract to your local escrow/title company to open escrow. 

A short term rental requires quite a bit more effort than a long term rental including quick response to all guest communications, managing cleanings after every stay, keeping on top of maintenance (emergency and deferred), marketing the property on all major OTA sites (i.e.

I kinda struck gold with him. 

Covod-ization versus land subdivision, its no contest imho.David Krulac, Bigger Pockets Podcast #82 Guest 

@Eddie TorresI like letters but we’re definitely not allowed to mention familial status (California).  

My thinking hot tub would attract guests in winter months, when you can’t swim in the gulf or community pool. 

Subscriptions if you're planning to offer streaming services instead of having guests sign in themselves.