The plan helps you break it down into tiny tiny steps so that is less overwhelming and also easier to get momentum going. 

We hired out the new electrical service, wiring, drain drop,and stove pipe replacement, and did the new kitchenette, floor sanding, new deck, and paint ourselves.The Tiny Tipsy Cabin is currently rented on Airbnb with hundreds of reviews and a 4.8 star rating, and net income is about $3,000 a month before accounting for debt service.This one was a fun negotiation to close- it was a MLS deal, with us in second buyer position.

We hired out the new electrical service, wiring, drain drop,and stove pipe replacement, and did the new kitchenette, floor sanding, new deck, and paint ourselves.The Tiny Tipsy Cabin is currently rented on Airbnb with hundreds of reviews and a 4.8 star rating, and net income is about $3,000 a month before accounting for debt service.

The Tiny Tipsy Cabin is currently rented on Airbnb with hundreds of reviews and a 4.8 star rating, and net income is about $3,000 a month before accounting for debt service.

Hi @Megan Cassidy - we have a tiny house, 2 short term rentals, and 3 long term rentals and know a bit about the unique requirements of each of those niches.

The lead is the hardest part of the whole business, and you're talking about a tiny percentage for something that has probably taken weeks of  constant rejection to generate and is worth many thousands of dollars.I occasionally buy property from wholesalers, and I'm aware that they make tens of thousands on the transaction.

I have been looking at the Nashville market to buy 5+ acres, owner occupy the main dwelling and build tiny homes or other accessory dwellings on the property for short term rentals.From what I gather, AR2a zoning (which nearly all these sorts of properties are) disallow accessory dwellings, but somehow allow mobile homes, accessory apartments, and two-family dwellings.

Its the same thing in cheap markets were they sell say 130k new construction.. those deals usually have 10 to 15% gross margins so they are making 13 to maybe 20k if they are really lucky net profit but getting good leverage and pumping out 50 in a year.We will build about 40 homes this year.. so while we don't hit homeruns we make it up in volume and god willing the market holding and the star's aligning and every other lucky charm we can pull .Like @Will Barnard even though it was an outlier for us we did a 5 million dollar flip and made 1.5 on it.. but that was not something we could recreate .. and I don't have the stones to do that these days.. with my cheaper homes I know my bank will let me make them into rentals if they don't sell and with the rents the way they are they would cash flow or be a tiny bit negative as we rode out the market... 

Seems a tiny bit different from the post.

If you learn to make it in this business by using none or a tiny fraction of the money you have, you will not only learn the best strategy for it, but you will also not put it at risk.