Myself personally, I do a lot of the luxury rentals personally, that's on average rents from $3k-$10k+.

Heres what i found so far Airdna.co to research the market and profitabilityResearch the competition in the area and see how you can niche your property (super family oriented, man cave, she shed, luxury, for entertaining, etc)Contact other local airbnb hosts to network and make contacts for service providers and get tips Look for at least a 3x return (try to get at least 3xs the mortgage payment monthly )Any other tips you have to add or thoughts on this??

KC gets 35M travelers a year who spend $1.4B on lodging and it's not even a vacation destination.

Compare that to trying to sell an entry level $400,000 home in the suburbs, you're going to have a dozen homes just like yours for sale.Believe it or not, the only residential developers and flippers I know who are doing really well in this high interest rate environment are the ones doing luxury deals.

I have a call in 30 minutes with a flooring vendor that installed some LVT (luxury vinyl tile that looks like hardwood but is cheaper) at my rental property.

Class B - No carpet, luxury vinyl plank, stainless appliances, paint agreeable gray w/ white ceilings, if current countertops are in bad shape, I replace with quartz, if cabinets are rough, I paint white, if bathroom mirrors have no frame, I miter cut door trim and attached with calk, ceiling fans in all BRs, W/D hookups, add deck if possible & cost effective, if flower beds around house, cover with pine needles, last contractor in is professional cleaner. 

So what it lacks in amenities it makes up in the fact maintenance is only $.85/sq ft whereas the oceanfront luxury buildings all around are $2/sq ft in maintenance.

A better view may be Family Neighborhood, Family Suburb, Entertainment Area, Luxury Suburb, Miami Beach & Luxury Miami Beach, Arts District, and in-between all those areas are the Hood.South Florida is a Tri County area consisting of Miami-Dade, Broward, and West Palm Beach county.

@Rich Lodge what questions can I help you with?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000

Cash invested: $240,000

One bedroom condo rental produces $2050 Less taxes ($3,400) and assessments ($615....