I regularly see promotors selling lots in beautiful communities for $40,000-$100,000 in Texas. 

Make sure you understand the difference between capital expenses that get depreciated over multiple years and regular expenses that get deducted immediately.

Follow up with sellers and buyers regularly to stay top-of-mind.By following these five rules, you can minimize most of the common challenges wholesalers face and set yourself up for success.

Gratitude overflows for me, as this group got me launched 5 years ago into the world of hosting vs landlording.  

So if you are going to be a host that outperforms your competitors and want to get fabulous reviews, there isn’t complete down time if you are self managing at the highest level.

Etc, etc.....While I have been hosting MTR stays for 5 years now, I feel like there is still so much to learn!

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

but if you are just looking for a use that requires minimal investment, your hosting of farmers markets etc is where my mind goes also. 

Hey Kevin,I am an MTR investor and co-host in North Dallas, Texas.I have not done rent by the room--- but make sure you seek out advice from the rent by the room forums.

My local bank refused to open a regular LLC business checking owned by my IRA.