So yes it can work, but you also need to be able to convert the responses you get into closing.

Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.

Even if the numbers look good, you will get tons of competition that eventually will drive the price off your excel sheets.

In a dream world - the comprehensive solution does all this: *task management and sequencing where you can drop a property into a sequence ie day 1 call, day 2 mailer (have it automatically mail out something like a postcard) day 3 etc etc etc*project management outside of the outreach sequences for what's next in the process ie schedule inspection, send the contract, etc etc*ability to have multiple users drive around and if you see a property you can tag an address and add it into a marketing sequence, and also track the streets you've hit so you're not wasting time driving by the same houses more than once *dialer (ability to parallel dial numerous numbers simultaneously to make cold calling more efficient - Ive used tools like orum and kixie in other industries, and when you receive a pickup, the other calls are dropped) *skip tracing/data provider *website landing page for converting online visitors to leads*electronic signature/docusign*secondary branded landing site on different URL for blasts for deal disposition to your buyer listWhat am I missing? 

Guys, I'm a reformed syndicator who has converted to being a passive investor in syndications.

After moving out, I will rent both floors out on a mid term basis.Given that these units will eventually be MTR, how should the upstairs and downstairs be designed?

Initially they balked, but eventually they relented* We kept our inspection contingency to void (not negotiate), and included a financing contingencyHow did you finance this deal?

House hacking can help convert STR to LTR, aligning with financial freedom and travel.

I will continue to tweak my plans and eventually find a nice niche that fits my investing style.   

You can convert it into a self-directed IRA and buy investment property with it.