We are looking to do the same thing for a flat in Athens which we'll turn into another artist's studio.Instead of the 2% rule, I have a 3% rule when looking for properties like this: it covers management and cleaning fees and utilities.Some key elements to doing well on Air BnB:* Beautiful, well-lit photos* Excellent location convenient to transport* Well written ad with thorough description of local attractionsWhat can make up for a lack in any of the above:* A quirky design/unique lodging experience, at a low price NB: Air BnB type services have been drawing the ire of hotel lobbyists to local governments, and many renters don't pay taxes on the $ earned.

I can now use the proper terminology for the units as well.I looked long and hard for a 110v one and I found several of them , I was amazed at the performance they gave though granted it was in a reasonably insulated home(rowhome so side walls were not exposed to elements).

There is an element to knowing people here.

In the month between groundbreak and shipping we ran utilities, prepared foundations, garages and other site built elements. 

Now, if there were legal issues, title matters, something more unique about the property such as an environmental issue and the agent or investor solved that problem outside the general scope of facilitating a transaction, then there is a value added as solving such issues would be incurred by another professional, an attorney, engineer, title company.Need some economics to understand the underlying justifications of "value" as well as laws of equity need to be applied.

Look at the lease very carefully and how they were qualified and validate income, credit, criminal history etc. to see what kind of element you have for a tenant base.

Use the Appraisers GIS maps or BOCC maps to find environmentally sensitive or species designated areas. 

If you have had stistics and look at any large population you will usually see at least one element of that population outside the nomal distribution curve.

The same thing applies to land only hardly anyone knows anything about land.The key elements in making money land are the following:1.

I personally think there's an underlying element going on in here but I digress.