@Susan Kang what is drawing you specifically to these two markets as compared to other great markets in the mid-west?

He is interested in REI, has good basic knowledge on REI and has more than enough saved up for down but hesitate because of current market, interest rate, rental demand, capex, first investment jitters, draw of stock market, etc, etc. 

I highly recommend an attorney to draw one up as each state and each property can have unique issues. 

The draw to Airbnb Arbitrage is due to not a lot of capital to start with.

I just began my journey as a builder, and I spent $4000 for architectural drawings on a 2000sqft beach house.

Since it was a structural change, you need an architect or engineer to draw up plans that make sure the new changes are safe of course. 

I am in the begining stages of producing a conce0t drawing for the rental property.

*Location Matters — Neighborhoods that have high demand, quality schools and close proximity to shops and services tend to draw buyers willing to pay a premium for a well-renovated house.

Very creative, but solid.This also may offer the potential for you to keep your other home and rent it out as an asset, but that's between you and the investor who buys your aunts home to subsequently rent it back to you. 

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss.