Quote from @Eli Ling: thank you, what do you think of this email:I understand your concern about the ceiling leak and your assumption that it might be coming from my apartment.Since we both want to resolve this issue, I suggest contacting the HOA to involve a neutral third party who can determine the actual source of the leak.

Oh, and the platforms are actually more friendly to the buyers than sellers. that is why they will take money from hosts on practically any complaint from a guest, or suspend a persons listing until they can prove/disprove any guest allegation.Airbnb’s big focus has been making users able to just use Airbnb system instead of using third-party programs like cleaning calendars or pricing system.

And thanks, third appearance was a fun one with @Dave Meyer.

Keep in mind that many of these cheap homes are selling for less than a third of their insurance replacement value, which really means that the land has negative value - let that sink in.Most buyers who can actually qualify for a mortgage will get a PA for $200-300k and desperately want to upgrade their life.

@Caiden Mooney, if you are going to rent the property to third parties you may also be able to use a self-directed IRA to fund.

Vrbo has free price automation software.I use Excel for book keeping.I don't pay for any third party software, not really needed on 1 or 2 properties.I charge a little extra for cleaning fee than actual cleaning costs.

I third the above sentiments @Noel Dixon.

This is the perfect situation for this.A third question would be, "is this his only property, and if not, are the other properties also paid off?". 

The deal cash flows minimally initially then after the second and third mortgages are paid off it becomes a cash flow cow.

You can find that here: https://www.biggerpockets.com/resources/market-data/where-to...Third, my biggest mistake was not talking to enough property managers to fully understand the rental market.