I am fairly new to Bigger Pockets forums but have been listening to pod casts for some time now. 

In my opinion it is fairly low risk but high return.

Hey-- I have spent a lot of time in Miami growing up and have also done a fair of amount of scouting for AirBNBs in the area.I feel Miami can be a good market, but you'll face a couple of issues:1) HOAs will usually not allow this in any building2) To do it legally, at least on the beach, you will likely need to buy in a Condo Hotel. 

I see the same problems he points out, but might actually worry that you may need closer to 35% to ensure good terms on this kind of real estate. 

Then speak to the loan officer, ensure they will report to all 3 bureaus and take out a loan for $5000.

You'll have to attend a workshop, but that seems like a fair trade, right? 

You really need to check multiple sources to get an accurate gauge of what's appropriate for your specific property/area.Here's an article with a bunch of resources you can use to help get an idea of what your property's rent should be: How to Determine Fair Market Rent.

My name is Rachael and I'm a corporate insurance professional and a fairly new investor in the Spring Branch, TX area.

My schedule is fairly open / flexible (some acting and restaurant work part time).Wife works full time.Have about 90K that we'd like to begin investing (real estate etc.)Our families live in Virginia.Wife is dual citizen in Colombia & U.S.I would like to make our money work harder and create passive income.

@Eric AdoboI lowered it to 1275 and asked the PM I was told it's pretty fair for the rent.