It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

I'm imagining something more like add a wall, turn a bedroom into a kitchen-living on one side and a formal dining room into a bedroom on the other side, maybe add a half bath in each unit.

With 20 years experience managing my sfr and as a property manager for a broker and a bank, this switch into ABNB has been a learning experience.  

I only have a single rental (at the moment) and a simple W2 job.

I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.

The only creative way I can see (obviously not knowing enough details) is an owner carry with you as the operator and a JV partner as the financial backing.

If you don't already have boots-on-the-ground and a trusted network, it's going to be tougher to do.

But, it's very commutable, and a lot of people working in Reno (especially South Reno) actually live in Carson City because it's cheaper. 

Greetings everyone and a Happy New Year!

Hey guys,This might be a super basic question, I'm still very new to wholesaling.I've been a Utah realtor for two years now and a beginner investor.