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

Damage to the garage, depending on how much and what it is, charge them and get it fixed. 

Maybe maybe not depending on your end goals but also don’t let fear or regret get in the way

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.

It's going to be pretty dependent on the house to think about what you can expect.

If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.

It depends where you are.

Definitions:Full GutFull demo and clear out down to the studsReframe PropertyCompletely New Mechanics (HVAC, Electric, Plumbing)New WindowsFull drywall and paintNew KitchenRedo Existing bathroom and likely add a full bath in basement and/or ½ bath on 1st floor (comp dependent)Finish basementReplace flat roofNew Flooring down to subfloorsBreak, Flatten, Pour new Basement concreteThis assumes no underpinning or structure is needed.

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.

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