There are plenty of owners and managers out there still doing well with second hand furnishings and providing the bare minimum accommodations to budget travelers or short stay tenants.Once you figure out your niche in your market this answer will reveal itself to you.The key to quality vacation rentals that are more of hospitality experience is in the operations and management.

There are plenty of other lessons to learn.Good luck 

No store or contractor I contacted (and I contacted plenty!)

You can definitely find plenty of investors here in the forums in pretty much any market your looking to get into.Good luck on your journey!

Close with an invitation to meet in person or on a call.G. 

Plenty of answer on this forum.

And there is still plenty of cash flow opportunities in the outer boroughs if you buy right!

@Anshul PandeyCasa grande AZArizona City AZ (this little city has plenty of small Multifamily) Eloy AZFlorence AZSouth Phoenix

I would get a pretty good plan on what needs to be done in  details, invite multiple GC to give you their price and listen their suggestions, and list main items to figure out what materials costs are ( home depot even have calculators to decide how much drywall etc to use)and lastly, reading estimating rehab cost can be helpful as well.

There are plenty of screening services that do this for you.Here is a link:https://www.illinoisrealtors.o...