I got hot and just said OK I am done I am not signing and you can tell your movers to take your Van full of stuff out of my development and go find another home to buy.. 

What will those monthly loses to be if something breaks, like a pool, hot tube or any other hospitality essentials. 

Most areas we have found that are hot spots have some sort of quasi "local" booking entity, we try to belong to them as well if they are credible.As in anything with being in business almost 25 years, the better your relationships the better the response, this is no different.

You need to amass a large portfolio for it to be passive (aka hiring someone to manage).If you want to be financially independent as fast as you can then you need to do a few things. 1) get as high of an income as possible (this usually takes schooling and/or experience, think high income profession - law, medicine,etc)2) live as frugally as possible (you will sacrifice a lot here, think of not going out with friends, live at home/save on rent, etc)3) invest as much as possible and I mean invest not yoloing on random hot tips (you are starting young, time will be on your side)If you do this consistently and remain highly disciplined, you will get there faster than most.

That's a pretty hot market from what I understand.

What has worked for you in a hot market like Austin?

#2 - Larger 5-bedroom renovation into a sweet rental home Before Pictures (Zillow Link)After Pictures (Airbnb Link)These investors took something that was very boring and extremely residential-looking and transformed it into a cozy retreat for travelers with highlights being adding wood paneling, kitchen renovation, new furniture throughout, beautiful outdoor space with added hot tub and fire pit spaces for guests to hangout and an exciting game room space to occupy guests for hours. 

Depending on the results of the water test we plan to add an iron filter and/or replace the magnesium rod in water heaters.

Quote from @Rod Smith: Hi All,i have a website that has been underperforming, but that is because I haven't put enough time and effort into learning more about SEO and done more to customize it.

I've made it a habit to track Department of City Planning updates and zoning proposals because they often signal where the next hot areas will be.