@Ashley Turner - Air BNBs are getting hammered throughout the country with regulation. 

If you bought close to the peak and got hammered on the downturn then I could see how you bled a ton of cash and the appreciation (even back over 2006 highs) wouldn't have erased the cash-flow losses. 

I was doing rehab on the property when the robber came in, was going to rob the place, but because I was walking in and out and around with a hammer in my hands, he got spooked, left and robbed a place down the street.

You will get hammered. 

Makes me wonder though as it took us 10+ years of hammering the pavement and setting up systems, processes, manuals, procedures, personnel, tech, etc... before we could open the doors to "out of house" investors and before we could claim "We are a reputable and organized property management company".How the F@#$ do investors succeed in making the whole process work from afar is mind boggling to me.Again, big hat's off to those that succeed as I couldn't and thus why I moved to the best country in the world.God Bless America and here is to another 10+ years and standing the test of time (Before AI and the terminator take over lol)

Would it be better if you were experienced in home building and could have sniffed it out earlier, a master of process's and hammered bank into accepting something else, well of course but your not those things, your new, without those skillset's or knowledge base so ignore the banter that your should have done something out of your depth.

So thats one way to look at it .... forced savings that someone else is doing for you quality asset that can be sold on the open market ( usually to a home owner) you don't get bracketed into rental areas that only resell to investors therefore the values are backed into based on the cash flow desires of the day... like some markets the 2% rule or greater which really hammers values.  

You are in a more risky zone, if you do not know what you are doing, have little money to fall back on for business use, or etc...An all cash deal would be the safest zone, with an experienced operator, who is a hammer swinging self fixer type person, owning very near their residence.So I think it's kind of like defining what hot is with out using degrees, it's hot or cold outside and many shades of grey in between.Just my 2 cents.HUD Service Life Table:  https://www.hud.gov/sites/documents/EUL_FOR_CNA_E_TOOL.PDF

If you have money, know a few contractors, or have the desire to swing hammers you can rehab property and do the same. 

How many of us have been hammered by thecap on SALT deductions on our personal tax returns?