This is what the guy (a close friend too), is getting from Airbnb.....Airbnb Rental Income: $2,266Airbnb Cash on Cash Return: 11.72%Airbnb Cap Rate: 11.72%Airbnb Occupancy Rate: 55.64%Not bad for families or young adults that want to take a vaca to Disney and when Mickey sucks all the money out of your wallet....it's good to know you saved somewhere!!

Purchase price: $40,000 Cash invested: $60,000 Sale price: $162,000 3 Bds, 1 1/2 baths, built in 1958 Near Universal, Disney area, new owner getting Airbnb Rental Income: $2,266Airbnb C 11.72%Airbnb Cap Rate: 11.72%Airbnb Occupancy Rate: 55.64%Not bad for families or young adults that want to take a vaca to Disney and when Mickey sucks all the money out of your wallet....it's good to know you saved somewhere!!

Our economic reality is that the majority of Americans have no savings and only put aside a very small fraction of their paycheck in the belief that nothing really bad could possibly happen to them, that stability is an integral part of the society they live in.My own life experience has been that things can change drastically very, very quickly.A large part of that has been watching economic developments in the country of my birth, Greece, where I lived for seven years from 2000-2007 as an adult and got my start in residential renovation, From 2008 to the present day, I have watched the country transform into a begging pauper-state wholly in thrall to its financial overlords.

I'm adult enough and have been through enough relationship drama to know how fast even close friendships can turn sour when misunderstandings occur.

If the seller doesn't have it, then there's probably a law that limits how many unrelated adults can live in a unit.

When I was new, my worst tenants came thru realtors or property managers, like the 9-person family who only put two adults and two kids on the application, but the PM only provided me the written application to review because the applicant belonged to a protected class and the PM was afraid of getting sued.For only owning/managing one rental, I wouldn't hire a PM.

My sister and I inherited a blessing at a high cost.Our parents both passed away and we inherited their two family home in Somerville, MA.My sister and I currently live together in the 2nd unit which has 4 rooms 2 full bathrooms.We both single working adults, so since it is too large for the both of us we have decided to downgrade. 

As per Florida law and even though they are not named in his will his 3 estranged, adult children need to sign off on my inheritance and 2 of them refuse to do so.

Most places will want one month of deposit and one month rent up front, plus $35-85 per adult application fees.This will help you present a competitive application when you're ready.   

Or is there some other way I can try to avoid that expense and somehow find adult tenants for that unit?