It's only after she started consistently being latre with her rent payments I decided to I need a written enforceable lease. 

Having a safe forum for LPs the share their experiences is needed.Cheryl  In EVERY business there are two kinds of market participants; the people/companies in it for the long haul, through both good and not so good economic times, consisting of EXPERIENCED, PROFESSIONALS whose careers are dedicated to and dependent on fulfilling the needs of their clients/customers.The other type of participant are in the particular business because it’s OPPORTUNISTIC for them to be in it AT THE TIME.  

I see the value in generating consistent cash flow and building long-term equity through this strategy.Available Capital: I currently have 100k available to invest.

Vrbo and Airbnb sync with each other for free, Vrbo has free dynamic pricing, both platforms send out enough automated messages for me.I check in on guests after they arrive to provide that small personal touch.We get consistent 5 star reviews with minimal effort.

This will provide consistency and clarity in how you handle your properties.Start by reviewing your current Property Management (PM) agreement.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Can you make good money doing this if you consistently lend compared to owning a buy and hold prop?

I find it difficult for those that would spend that kind of money to actually make any money in the note bizz. as competitive as it is. and most note investors are ones of means that are looking for consistant cash flow as opposed to owning the 3 t's of rental properties.Could you describe how your making any money in the note business without significant cash to buy notes ...

They also have a 'turn key' annuity asset that they can count on for consistent retirement income.

Quote from @Robert Frazier: Quote from @Austin Wolff: During my day job of Market Analysis here at BiggerPockets, Boise, ID consistently comes up as one of the best markets for real estate investors.