You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

This aligns with my interest in passive income.I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies.

Any questions you have throughout the process.

How does the Airbnb licensing process work in your area?

I can say there are specific custodians we like to work with who are streamlined and smooth process and some who make the process a lot more labor intensive, and have had two investors using the same custodian and have one tell us we need to complete this form and the same custodian tell their other client that its a different form.

That being said, I had to translate a lot of documents on my own for the loan process, so there was more effort involved.

We’ve also had increases submitted in Sep 2023 that still haven’t been processed.   

Purchase price: $125,000 Cash invested: $120,000 First try at turning a single family home into a duplex while going through the permit process for the first time.

I do all of this remotely, so I use the above process to filter out 90% of the properties and then send the other 10% to my local team for verification.

It can be a long process over time with multiple dynamics you have to be on top of consistently.