But you may be able to do option A for $10k or less in setup & furniture, esp if you buy the place fully furnished.

I do Instant Book as well, but I have the same parameters as many have mentioned. 

One question comes to mind reading the "hire a PM to scale easily" vs the "PM yourself with few units", and maybe it's from my service business background, but it seems there is a middle ground that hasn't been mentioned.

Just as a heads up as not sure which timeframe of BP podcasts, but before covid you could do a BRRRR and get all your money back out of the deal, today that is typically not the case and you will still have money in the deal - so just wanted to mention that.Lastly, you are way ahead of me and many others already as I cannot swing a hammer :)

Hey Elijah, Utilizing MLS access for comps is the most reliable method, but if it's not available, you can still utilize the parameters Jonathan mentioned on other platforms like Zillow, Propstream, and Batchleads.

Not to mention the fact that you build a relationship with a JV partner, the subsequent deals become easier to work.

I will agree with @Nicholas L. that you do need to complete all of your due diligence on the front end in these areas for the price point you mentioned, because there are a lot of horror stories out there. 

I'd like to add another perspective I don't think has been mentioned yet.

As it was mentioned before, I would reach out to local investors, folks who have property management companies, and find out the market rents, vacanies, and demand for the type of homes you are purchasing.

Hey Mike,As mentioned above DSCR is probably your best option here!