But the truth is, I really don't want them to waste their money.I'm starting to define that scatter shot, or one and done mentality as PoweBall Marketing Theory.

Define your model, example SFR 3bd,1 bath, brick,etc.

Robert,Thanks for the information about the Real Estate Investor's club. i will definately check it out.

We want to include Buy and Holds as a component of our portfolio.

@Galit GarsielYou need to define the scope of work for the contractors, get multiple itemized bids, and compare those bids & ask follow up questions.

Aloha,Pro-rate defined is a daily amount.

I would define reasonable.They might think 10 guests over is reasonable.

- you won't see a HUGE 08 type crash IMO, I would try to define your goals and try to find properties that fit them, I promise regardless of the location you are in, you can find deals that fit your numbers instead of waiting for a supposed crash (which we have heard from experts since 2015).  

Quote from @Ian Loonce: If your lease doesn't define it, then there's really no limit to the number of days.

If there is any area of forced appreciation (value-add component) the cap rate starts to become less and less relevant.