Thanks Alexa, yes definitely would still run it like a pure Airbnb which I've looked into a bit.

So from your example above for a $350K property, for me to buy that property, assuming it was in a location I like to invest in and am familiar with, and lets say its a duplex because in my market you can still maybe get a duplex for that price thats in decent shape, I'm going to look to make sure that I have at least $100 per door pure cashflow after all my expenses and budgeting for expenses. 

So this would be purely a move focused on increasing your monthly rental income, but would temporarily set you back from an equity perspective.

@Matt Rothwell Perhaps I wasn't clear but this isn't purely hypothetical nor am I suggesting unlimited funds.

I want a minimum of $150 pure cash flow after all reserves.3. 

Eliminates you having direct exposure to the cattle market and a manager themselves though.This is purely anecdotal, so take it for what it is, but from my perspective the beef market here has "niched down" more recently.

But I wouldn't buy a 7% COC projected home that's purely an investment property, in my area of Florida - I'd look for 10-12% if it wasn't a house hack opportunity.

I would just buy a regular rental if I want a pure investment property as they are WAY easier to manage and cash flow from.  

You cannot rely on pure gut feeling. 

The saying is just pure analogy.