Here’s my thinking so far: the property’s been on the market for over a year, and I know they had an offer for $500K.

Bought this first property close to my house.

Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

I’m curious if you have purchased any properties and what your experience has been.

Through commercial lending as an investment property.

I use the work tenant is quotations, because the lease was not signed with an individual, but rather a LLC for a property management company who subleased the home on AirBnb. 

Purchase price: $55,000 Cash invested: $60,000 Sale price: $245,000 Property is on the market right now.

There is no "standard" practice.

@Dominic Battaglia or @Amit Shukla what are you guys paying for Hostaway per property, per month? 

This property showcases strategic planning and flexibility within my investment portfolio.