Also in a worst case scenario I do have access to the 90k and would be able to pay it back, however for obvious reasons I'd like to keep my cash free.The duplex itself is valued at about 400k (we live in WA state).

Critical words like good, bad, best, worst, bright, dull, a lot, and a little are subjective.

Critical words like good, bad, best, worst, bright, dull, a lot, and a little are subjective.

Since I am local I could (worst case scenario) self manage or hire one of the management teams I met at my local REI association meetings.

STRs are the perfect way to boost your cash flow, and the market will probably never be more favorable to get into the game.Airbnb was started in the midst of one of the worst financial crises in US history back in 2008.

It was probably one of the worst houses we have ever seen.

At worst scenario I would accept to do minor renovations - painting , eventually making up 1 additional bedroom.

@David WestI would assume 8-10% fees5-6% broker fees (unless selling yourself then 2-3%)2-3% title/closing/escrowThat 50k becomes 20k worst case 32k best case.

Worst thing you can do is do a strategy that does not work in a market.Step 5 - through your wholesalers and real estate agents (you identified in Step 2) and using your defined buying criteria (in Step 4), go through property leads and identify the few worth digging into.

When we try to classify things as best and worst in this arena, inevitably prople think higher proforma cash flows are good, when they are in fact neither good or bad.