Airbnb is now charging a guest fee of up to 20% (plus VAT) This is on top of the host fee of 3% - 5% A WHOPPING 25% take rate.Things are getting out of hand.As sure as eggs is eggs the Homeaway group will start chasing this figure in an, "if they can charge this, so can we" mentality.

The victim mentality paralyzes people (including me on occasion).

I am trying to see a half glass full here, with the virtually zero down, and an exception pocket as when you look at the street it looks stable lets say as compared to what other 4 plex pockets I have seen, those ones appeared physically and mentally obviously beyond hope.

I just don’t have the experience and there seems to be some sort of mental block in my head telling me “what if I screw up and underestimate my rehab costs” or “what if I can’t get the house sold on time” even though I’ve been analyzing my market for the past year now.

Mentally preparing yourself for the different directions the partnership can go is a little trickier.

So prepare yourself for that mentally and physically. 

You need to prioritize which is more important to you.

I'm not sure which brokerages have the most connections or advantages in mobile home sales and I am trying to prioritize staying at a Philadelphia office for personal reasons.

I haven't yet had to deal with an eviction but have been trying to mentally prepare for it, as it's happened to a few others I know and has never gone smoothly.

I got a bit lucky with how things worked out.With this property I learned how to prioritize projects, and biggest of all, how to be a landlord.