It really comes down to your goals and time commitments.Airbnb margins have been getting tighter and it is extremely time consuming.

It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction. 

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

I'm no expert, but do know for a fact that you are much more likely to find "good deals" off MLS – through mailing, cold calling, off market groups/connections, etc.

Hospitality, attention to detail, cleaning/handyman team, programs used for bookings and calendar organization, inventory audits, home maintenance, etc. are all extremely important but all of that doesn't even begin to describe all of the things an experienced property manager does.It is a matter of how much time and energy you have to invest in your properties and if that time and energy is worth it to you.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

Markets like Tampa, Orlando, and even Jacksonville offer good cash flow and growth potential without the extreme price tags of places like Miami.Happy to chat more if you want to dive deeper—let me know how I can help!

In 1997, I don't fully understand why, the City of Denver paid the golf course owners $2mil to rezone this parcel as a "conservation easement" this was extremely restrictive zoning and meant it would essentially be destined to be a golf course for eternity 3.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

We've been extremely lucky with our first tenant- she is wonderful.