Purchase price: $241,500 Cash invested: $8,452 This was my family's starter home, which we kept and now rent out.

Early closure penality or ability to refinance?

As for the original post, I think something like this works best if it is concrete: dates (say the last week of July and December), monetary consideration (I would suggest a separate sublet provision wherein you pay them for use, rather than working out rent credits), insurance and liability requirements, etc.

Better if you can pay cash of course. 

Hi guys,I’m looking at a property in Austin and working out the cash on cash return so I can make sure it’s a good investment for an AirBnB. 

The 70% rule isn't just out there. 

Check it out!

Ideally, we'd love to find a duplex or multi-family property with the potential to live in and rent out.

WEst coast  OR WA AZ NV CA etc is all cash on the barrel head there are no deposits and no over bids.. winning bidder presents the cashiers check and they have won the deal on the spot.

The idea of building a business and creating long-term wealth through real estate has been something that has felt out of reach until recently getting my real estate license in Arizona.