I'm primarily in a judicial foreclosure state and so that's where the fun lies for me because I create standing for myself to beat the bank/finance company at their own game and walk away with either the paper or the property free and clear.

If I buy a house for 150k, put 20k into it, and it's worth 220k - I've just picked up 50k equity on paper.

But otherwise, a room just needs new sheets (we have extras ready to go) and towels, snacks, and then we quickly wipe and spray everything down, vacuum (doesn't always need it after every single stay) and we are out.

Shingles = $1,120.  2 boxes of roof caps at $100.  4 rolls of #30 tar paper at $100.  

@Allan Wu take into consideration that tenants are not going to be as careful as you would be, so make sure your lease states no flushable wipes, paper towels, feminine products, etc., that easily clog and that they’re responsible for repair if used.

Hi, Dean spoke at the Paper Source Note Symposium yesterday here in Las Vegas,NV.

Instead of the cash flow you see on paper, you’re looking at high vacancy, high maintenance and no cash flow.

This is where a simple, old school paper application/word document will serve you well. 

There are many rolls of paper plans.   

I have always been weary about investing in this area even though on paper it sounds like there is a lot of cashflow to be gained!