Certainly not impossible, but the multifamily market (especially for larger properties) is pretty active and below-market purchases, while possible, don't happen as often as they might in the smaller property space.Pro tip:  If you still like the idea of purchase cap rate, use stabilized yield on cost instead. 

Appreciate your tips! 

Your nightly rate will be influenced by proximity to the beach, interior design and amenities (ex game options, fire pit, pool, etc).

Any tips would be greatly appreciated! 

These are all great tips and advice, especially for someone like me who is thinking about becoming a real estate investor.As a newbie, I would say that there are tons of information, and some are conflicting at best.

I want to learn how to do this the right way, without coming across as overly focused on profits.If you have any tips or experiences to share, I’d be incredibly grateful.

Most of my buying pool won't touch flood zone properties. 

Can anyone provide insight on the average cost of insurance for Airbnbs with pools in the Boston area?

The best tip?

Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.