Based on what you’re saying, this deal doesn’t work—at least not for cash flow.If you’re losing $500/month upfront, that’s $6,000+ per year coming out of pocket, not counting potential repairs, vacancies, or unexpected costs.

I'm based in DFW area but also have connections/interest in Notheast Texas.

Hey Keith,I’m based in Portland but own a ten-bed Residential Assisted Living (RAL) home in Tucson.

@Dustin Sanders Unfortunately, I will be shocked if you find this.  20% down is hanging on by a thread based on where rates are at and the general anxiety over declining real estate values.  20% down is the minimum I'm seeing. 

Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.

Airbnb operates as an interest-based algorithm, rewarding listings that grab attention and keep potential guests clicking.

Based off what everyone has pointed out, the ROI is not worth it.I tried to be green to help the planet, but it just doesn't make sense to do it. 

Having owned property in rockford its not a great appreciation area so getting a HELOC will probably take 5-10 years based on loan pay down and maybe some slight appreciation.

A strong property manager should:• Continuously adjust dynamic pricing (sometimes daily) based on demand, local events, and market trends.• Monitor performance metrics and adjust listing descriptions, photos, and policies based on guest feedback and data.• Handle guest issues efficiently, especially last-minute problems that could impact reviews.• Manage turnovers and quality control, ensuring standards remain high without you having to check in constantly.If a PM isn’t actively doing these things and is just collecting a fee, then yes, it’s hard to justify paying thousands a month.

Feel free to reach out, and I can share some recommendations based on your project