Focus on cash flow, leverage financing smartly, and structure your deals to remain flexible under varying tax conditions.

This does not read as though its a smart investment on the surface, and secondly, there isnt a lender I know of that will lend on renovations that exceed the purchase price, especially a renovation that is 2.3 times the purchase price.

Many people in tech with tons of smarts and funding have also tried to do what you are trying to do. 

Kowal: One question I always have of anyone selling a wealth building strategy, whether it's a surefire way to trade options, or someone peddling the best algorithim for trading stocks and bonds:  if you are so smart, why do you need to work at selling the product?

Financially renting is smart right now but if you want to buy do it. 

There are ways for the smart, savoy, and willing to educate themselves fast, folks who want to build wealth in real estate to do it now and rather quickly as compared to most other industries.

I offer WiFi and smart TVs.

Adding livable space or smart home features can significantly boost home value.

Currently, I am using Airbnb smart pricing.

If you are NOT running a trade or business - 1099s are not required.The main reason why you WANT to be "running a rental trade or business" is your eligibility to claim business overhead deductions, such as marketing, education, technology, and so on.