You would also need to be at the project site every day watching the work and managing the contractors.

Highly recommend checking out https://www.cincinnatireia.com/HUGE group of local investors and vendors that network about something almost every day, virtually and in person.

If that is you, stop all of it and spend at least one hour every day looking at deals during the week and 5 hours on the weekend driving around and looking at listings and neighborhoods!

This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

I don't want to say it's impossible, but I underwrite these every day and you need to be all in at 50% LTV which is probably a 1 in 100,000 deal on the market.

It's very doable, every day I see and talk to people who make living doing this, but ultimately few people succeed in it (just as in ANY business out there).I wish you best of the luck.

Start networking, go to live Meetups, start talking to lenders, agents, wholesalers and get some real knowledge from investors who are in the trenches every day.

BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!

For example, I didn't even think to ask about the "leasing season" in Fayetteville, AR because I'm from Los Angeles--every day is leasing season over there.