By leveraging our expertise in pricing and buyer demand, we identified a deal that required no renovations but still yielded solid returns.

Should I use a co-host just to get off the ground on a good foot and rack up some solid 5 star ratings, then transition to self sufficient down the road?   

As with many others I'm sure, looking for guidance on affordable cities that still provide a solid return / cash flow.

@Justin ShermanIf the property is in a high-demand area with rising rents and appreciation potential, it could still be a solid long-term investment despite short-term negative cash flow.

Log beds, solid wood pieces (antique or vintage), antique persian rugs, and decorative items/art that come from the local area.Obviously if you are renting a beach condo, this method doesn't work. 

Rich Dad, Poor Dad is a great mindset shift, and The Book on Rental Property Investing is a solid next step! 

If you have the drive, it is never to early to learn real estate and make a really solid living off of it. 

It’s a solid way to leverage equity, but as with any financing, make sure the numbers work and you’re comfortable with the risk.

Definitely something to clarify upfront...If you’re replacing with another restaurant, it should be an easier transition since the setup is already in place.Your biggest risk is vacancy $450K/year is solid, but if you ever need a new tenant,  ensuring the lease rate is sustainable is key! 

Usually, FHA allows for it if it's 51% or more residential, however a solid lender local to our area needs to be the source on what is/isn't possible for this specific property.Certainly, the numbers you gave look good upfront.