My airbnb was a total success but I had try hard at first too.This book really helped me.

They may even have a website that shows zoning, etc. you can read minutes online too and see what attorneys represent developers consistently 

HOA fees are totally property dependent and will vary from over $1,000/mo to no HOA at all, so that is definitely a factor to consider.  

Absolutely- I totally know the challenges firsthand working with this demographic and watching as affordability has completely been obliterated in the past 4 years.

I am currently looking online to learn how to move forward there. 

@Marcus HuntzI am not a Quickbooks expert, but I use QB Online for my rentals.

@Isaiah Wilson - I have a medium-term rental lease that I can share with you for free... that said, I totally agree with that you should use a state-specific lease.

HI James, I understand not wanting to share your "Honey-hole", but what is behind these numbers.If he invests half of his Capital that is $300,000.  4K net annualized is a 16% cash on cash return (very high).In addition to the 16% you can get $1,000,000 in appreciation over 5 years, that is $200,000 per yearIf he leveraged $300,000 at 4.5 to 1 he can buy $1,350,000 in total property value

@Joe Sera Thank you for your input and I totally agree.

with so much being online these days people want to shop on Zillow and make 1 offer and be done.