This increases your chances of getting those extra nights filled.Airbnb’s Positive Feedback LoopAirbnb rewards high-performing listings with better visibility.

If you can drive up the number of reviews (hopefully all positive) then you can also probably get a bump in the algorithms. 

It instantly has $50-70k worth of built in equity right away!

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

So, with large numbers of new graduates entering the field who are CHEAPER, someone established in the field may soon find themselves with "golden handcuffs" unable to find positions with the same pay as they are replaced by these younger cheaper options. 

If one tenant moves out, the property remains cash-flow positive.

Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area.

LOne common strategy is doing a cash-out refinance on one of your rental properties to tap into the equity.

Like Devin said, double digit rates and you could still have fees similar to a first position mortgage.

You’re surrounded by a support group I never had, and that’s a positive.