Excluding the periods of “tulip bulb” irrational exuberance, a property must produce enough of a risk adjusted return to satisfy both the ROI demands of the “limited partners”, and the income/time requirements of the sponsor.  

At times, the seller may back out, we may uncover bad things about the property during the due diligence period which will cause us to back out of the deal, or financing may fall through.What makes it even worse, we, as investors, may incur some soft costs (costs incurred prior to closing) which end up being sunk costs.However, as investors, we are relentless in our pursuit of cash-flow.

My first property was a duplex, and then a year or so later she bought her house, and we moved in together living in MIL suite basement and rented out the rest of the house.

I have been tweaking pricing periodically and viewing comps to other cabins in the area.Will definitely look into Trip Shock and the affiliate/ partner options. 

There are two large community pools, which are heated during the cooler months, tennis and pickle ball courts.The minimum STR period has been reduced from a year to six months.

When your a housing provider where good decent people want to live, well the rest just has a way of taking care of itself, it really does. 

If you engage with tenant drama all the time you'll be doing that 24/7 for the rest of your life.

We all knew the rest.

I’ve come to think of this period of my life as my real world MBA, and view my laundromat as a fantastic starter business.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.