People arrive at all hours.

Airbnb cancelled the reservation the day before our guests' arrival, after we explicitly told them that we would not budge on our STRICT cancellation policy. 

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.

Have them pay a week or two before they arrive when they are past your cancellation period.

The S8 portion will very likely arrive like clockwork on the 1st of the month.One strong motivation for the tenant to pay is they lose their voucher if they are evicted or leave owing you a balance.

In those cases rent is often only late if it arrives after the 5th. 

When I arrived I wasn't able to find a home, but I was able to find a house to rent a room from.

Determine the most likely sales price of the build (factor in the cost of the land also) and include all selling costs to arrive at your net profit and ROI. 

I will talk to the tech team to see what the cost to implement a solution like this on new arrivals could look like.

The day before I arrived, I had no choice but to text Chris and ask him for the lockbox code.