Who is actively buying?

I would like to account for big improvements too althought instinctively i dont think i want to buy a property that needs any crazy upgrades off the bat.

I'm a 20x AirBnb superhost who realized I have more productive uses of my time than hosting directly.

Typically, the STR property tends to be priced at 10x of the annual gross revenue, so let's assume you buy a house for $500k and you can get $50k a year in gross revenue. 

@Rosette PooleRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I have the funds to buy another primary residence in this area but not enough for an investment property that would require 20-25%.

I also like to be set higher than most of my competition because I only buy really cool properties that are sought after.

How many people are in your “sphere of influence” that will use you to buy or sell without needing to pay for marketing? 

I can promise you that my first deal was TERRIBLE, but I lived at a reduced monthly cost to living than renting/buying a single family and that is what mattered. 

And you can sell as the LLC and buy as yourselves.