Also, reading some of the posts that new investors have already made can be helpful.

I see far too many post in these forums about wanting to buy in certain markets because it’s where they can afford to buy.

When I saw your post I went over to check him out, because I've never heard of him.

🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"

However, speaking to what @Michael Baum post says, something in the neighborhood of 500 a night isn't unheard of up here. 

I've requested a dec page from the seller for now, I'll keep you posted.

I've also seen hosts post of a photo with the direct booking URL on a sign, although I personally would not be comfortable doing that. 

I’ve been doing that with a few market recently, I try to spend a week just online trying to figure out the different boundaries/different neighborhoods, what the dividing lines are, what type of housing stock is there (I only focus on post ww2 brick for instance) than figure what the yields are in these areas, and then decide if the yields are decent enough on risk adjusted basis to bother to invest.

Thank you for this post its most interesting and if this is country wide then your looking I think at the same thing that brought down the US lending / RE market in 08  Neg am.. loans and folks that all of a sudden could not afford the adjustable rates.

Great post and question.