The clients that don't do well with the short-term rentals are those that half-*** the product -- they try to cut costs on furnishings, they take their own cell-phone photos of the place, they slap up any old listing.

If you are a landlord you should have 3 numbers in your cell phone: HVAC guy, electrician, and plumber.

.- You will make more money with a cell phone than you will with a hammer- If you spend all of your time managing the project, you will finish the project and not have another project to work on.- Flipping houses is a "job", not passive income, hire a GC, focus on deal flow.Here are some rough numbers:Purchase Price: $80,000Rehab: $78,000Commissions/Closing:$10,000   Utilities/Taxes: $3,000              Total: $171,000Sales Price: $207,000Profit: $36,000

Two guys argued about a cell phone.

They filled out the application on Cozy and he checks out well; ex-military, currently working while also going to school, no major blemishes (a late cell phone payment years ago is as bad as it gets).

Use your cell phone to video to remember.

They still have to pay for transportation, food, utilities, cell phones, TV, Internet, clothing, etc.

A little less competitive are listings that need work, or my favorite listing that are just poorly presented on the MLS: sometimes they only have a hand full of pictures taken with an (old) cell phone - some of them are hidden gems!

I think Seneca and other Stoics should be required reading for investors on BP.For instance, a weekend a month (1-2 days) just wearing the same t-shirt and jeans, eating rice and beans for every meal, and not using a cell phone, while repeating to yourself "is this the life I have so feared?".

The mom & pop shop we bought gave out their cell phones and were available 24/7/365.