For a 2 bedroom my projected ongoing is around 13-15k (not counting the rent) at the end of the year because this is my first Airbnb Arbitrage I have and will make mistakes expense wise, the start up costs also is not factored because furnishing and starting everything from scratch obviously will skew the ongoing expenses which would add another 5-8k but I played it smart and have most of the funding charged to buisness credit cards with 0% APR for 12-18 months such that I save money and can take the year in paying back also with sign on bonuses which will save me up to 1.2k or more.If and when I hit my conservative projections my profit should be around 16,300-22000 by the end of the year this is after rent, expenses, cleaning fees and so on. 

I understand this is a big problem in all inner cities in America.. had it happen to us to many times to count. 

I am also counting on a few 55+ seniors selling their homes to escape the city (Austin, Houston, Dallas) for a more affordable community where their retirement savings will go further and where they can connect with other seniors. 

They will likely count your potential rent as part of their analysis and should give you a good idea of how much you could "buy" based on your situation.

Go on Zillow, type in your zip code and the bed/bath count, and see what is currently for rent.

Basically if there is no "living room" and there are no comparable properties with similar square footage and bed/bath count in your area the property becomes difficult to comp or sell and lenders will not be able to use it as collateral for a loan Excellent point.

Yes, the work hours going towards this property count. 

However, if you have a solid mulit family unit, you can have higher overall rent due to your unit count.

The appraiser didn’t count them as bedrooms. lol.

Sorry to hear mate 🙏No shame in loosing.It's how you recover and pick yourself back up.If you don't, then that's a shameI have lost more than I can count and so have many others on this forum.Losses are part of business and life in general.Our time and energy comes at a price.The biggest price is the emotional one.I prefer learning from losses as much as possible and doing my best to not repeat the same mistakes.Also, not dwelling on it for long and not living in the past to avoid further emotional drag and doubt about moving forward.Personally, I also don't get involved in lawsuits or collections and consider every loss as my own fault.Moving forward smarter and more experienced.Moving forward and doing my best to make more than what I have lost.I hope that helps and God Bless  yup 08 to 2011 I lost 10 million in equity.. and had to start over in 2012..