Investment Info:

Single-family residence buy & hold investment.

Purchase price: $340,000

Cash invested: $20,000

I bought a 5-bedroom, 2.5-bath home in a great neighborhood where my wife and I wan...

Your cashflow will be much higher than other markets, but you'll sell the property for what you bought it for seven years from now.

(I've heard stories of ceramic tile grout lines that were so soaked in urine that the smell wouldn't come out.)Although ceramic tile looks nice, vinyl should be your go-to in a rental bathroom.

Period.I love my family, BUT the stories of issue with family doing business with family are ubiquitous.I hope all goes smooth for you and everyone is happy, BUT......My 2 cents,Mike

True story, I know an investor that bought a condo without reading the docs that he had intended to use as a rental and had to hold it for a year before he could do so.I've novated two condos and both times it worked out really well.

That has been my story.

Try to get the whole story as to why they are paying late. 

TO many horror stories these days of funds blowing up.

We have checked- and re-checked the loan docs.Long story short - we lost the deal.

One thing I can say is, even among most of the naysayers to Airbnb Arbitrage with the right research and gumbo you will succeed or at least have a great story to tell your friends haha.