STR rental was $3,500 to $6,000 per month, depending on season.

While your exact cost will depend on your market, I have a GC client in Columbus OH that is building triplexes at just under $200/SF.

Depending on how close you are to Philadelphia you can really manage the property yourself as many Jersey neighborhoods are even closer to philly than some philly neighborhoods.

I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The best amenities for Airbnb in terms of ROI often depend on your target audience and the location of your property.

@Kevin Hintz It's property dependent, obviously, but last year, I sold one a street back from the beach that they're cash flowing.

Prosper and Lending Club also offer peer 2 peer loans, usually up to $40-$50k depending on which company you look at.

I have tried both, I think it depends on the market you are targeting and the type of leads.

As others have said, insurance will most likely not be worth it depending on your deductible.