It's a gamble unless you're experienced and know what you're doing.

Your initial investment will largely depend on your source of fund and chosen strategy.

Always run title to check for any clouds, try not to gamble on super small tracts of land like this unless confident in own title searching capabilities.

Short term "quick money" kinds of opportunities don't really appeal to me as I view it more as gambling.

All this to say, my base case is that right now rates are the lowest they've been in almost a year and it's more of a gamble to wait and see what the Fed does than to take what we have now.

However, some of our clients have chosen to pay capital gains tax on a portion of the proceeds and use that money for renovations.Not all contracts include 1031 exchange language.

My thoughts:Damage Protection:Goods: The total cash paid by the guest at the time of the booking is less. Makes your property more accessible (at least on the surface).Bad: Has a cost which is not used most of the tim...

You gambled your investment capital on an internet investment-promoter.

Everyone is gambling, and I keep advising my clients to please not compete with that level of moronic. 

Quote from @Ashley Gamble: We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.