If one tenant stops paying, there goes 25% of your revenue.

Having time to do the work was the biggest benefit.

Nightly rates and estimated revenue based on all the other units in the area?

The biggest challenge we faced is the property's proximity to a railroad, which has proven to be an impediment to the sale.

So far the biggest challenges for out of state investments has been finding reliable contractors or help to complete projects on time and under budget.

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

My biggest conundrum now is I want to be my own GC because even when I play with smaller numbers they’re still out of reach for me to be able to attain this goal and afford the monthly mortgage with taxes and insurance.

The biggest thing with this is if something major happens are you legally covered if the unit is illegally rented. 

Focus on running a clean operation rather than perfect technical compliance.Pro Tip: Your biggest risk isn't the IRS - it's partners who might complain to the IRS.

-Kwanza  I believe the biggest lesson I learned is that you should manage the property manager, particularly at the start of the relationship.