Which is why I pay more, for less cash flow in highly desirable areas.In high income areas, rent is a lower proportion of income so therefore your tenants have a higher capacity for paying higher rent because rent is less than 20% or even 10% of their income.

PM companies who charge a flat fee have no strong desire to rent out your place because they get paid either way.

We were especially thrilled to start our investing journey with a duplex, and it was even better that the tenants desired to stay and had been consistent with rent for many many years.

I also never had to worry about vacancies: if you own a desirable property, you will always have people lined up to rent from you.

Open-concept kitchen designs are also highly desirable.2.

That also makes that scenario less desirable.  

And most regret it.I'll make the opposite case: it is VERY hard to screw up when buying i.e. a duplex in good condition in a desirable neighborhood and either self-manages or hire a quality PM to manage.To any new investor who is reading this: In real estate cost and risk have an inverse relationship.

True scale benefits only begin with properties of 50+ units.When buying in a low cash flow scenario, make sure you’re in a desirable area where equity growth is likely.

I don't have a good understanding of your desires or what you are seeking.  

I am torn between pricing rent lower with a minimum 3 night stay or just weeding out the less desirable/more work clients with higher pricing.