They had an incredible view, which attracted a ton of weekend bookings.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.

The unfortunate reality is that the BRRRR book made a lot of sense when it was published, but with the high rates now, BRRRR is much harder to accomplish.

That's actually one of my pieces of advice for you... learn how to do your own book keeping so you know your P&L in real time at all times. 8) Hard to say without knowing the value of the place, CC&Rs, as well as any HOA fees/dues. 

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

But I can tell you that on average over the past 3 months we have brought in around 8k and this month over 10k in airbnb bookings.  

We have over 20k in bookings on our Pigeon Forge Cabin for December so far.

While podcasts, books, seminars, and websites offer general knowledge, you'll buy a specific property in a specific location, subject to local rules and regulations.

I book marginal candidates in between strong ones to create a scarcity mentality. 

Syndicators who bragged about how smart they were, showed off fancy lives, cars, private jets, and mansions, second homes, and wrote books and sold expensive courses about how smart they are at investing are being exposed all over the place.