I focus on buy and hold long term rentals, but I've explored the airbnb model for several of our properties, and I'm a (painfully) frequent user....my input is limited, but here goes: - if I were you, my first step would be to study up on the local ordinances around short term rentals.

Originally posted by @Max Petrov:@Nick B.For me it takes much more longer) You  need to develop a model of a good deal and then just compare what you see with that model.E.g., your good deal may be priced at $80/sqft "all-in" in the submarket where retail houses are priced at $110/sqft and rents are above $1/sqft.You need to know these numbers before looking at individual properties.

Hi @Matthew Simmons, our entire business is based on this model and it's what we do 95% of the time.If you're interested in learning how to build a business around this model, shoot me a PM and I can give you some things to check out.Hope that helps,Chris Pre

It's an awful model that falls apart after year 2, 3 or 4.

For modeling purposes, I'd plug in 18% annual increases on your flood insurance.

Property management is almost a money loser to have as a business model.

You won’t regret the smaller asset in a good location so long as you have a good management option.Depending on your aspirations, you might consider investing alongside a professional on a much larger asset.

So now that I've started to run the numbers on Germantown, it's much easier to have a property appease my financial model and the 70% rule.

I have developed an experimental RE investing model and I am looking for an experienced RE investor.

There isn't a short cut to a right answer, many things will work, if you do the work. find your local real estate investment group and start listening to their business models.