TI...aka Tenant Improvements...your future tenant may want to negotiate different terms for the move in, like a few months discounted rent(this could be on top of the above mentioned vacancy) while they build out the place, or some concession for the Tenant Improvements, if you  have an empty shell it could require extensive work to make it business ready for different types of business, think needing to add bathrooms for a gym(dozens of showers and toilets, lockers, etc) or adding a fully equipped commercial kitchen(walk in freezers, special fire suppression, a few extra sinks or drains) With apartments, I rarely have to do extensive build outs or concessions for tenants, even if I have full on renovation, it is almost always replace the old with same but new, ie tear out old kitchen put new kitchen in same place, same plumbing, just new cabinets, and flooring(if you are at all handy, you can do most of it yourself, or be able to estimate accuracy of bids easily).

The reason we liked that idea was we could pay the properties off fairway quickly and build a big enough cash flow by then end of 10 years that we could easily both live on.

I could walk away but he could go through with our contract just as easily.

I know it plays well into the Great American Story to go from Nothing to Something, but in reality we don't typically get any awards for repeating mistakes that could have easily been avoided by following the advice of people "wise in the ways of gold" in Richest Man in Babylon speak.

It's the ultimate first house hack because if tourism even comes back 50% the airbnb income should easily cover your entire mortgage.OTOH, banks don't love counting AirBnB income as income, so that can be an impediment to refinancing if you don't have W-2s, other sources of income, etc.

If they are approved, they can easily transition to make payments electronically via Cozy.As far as ideas for obtaining leases, you could reach out to a few local realtors and see if they'd provide a copy of the lease they use for their clients.

My house was on the market 5 days listed on 11/19 and now I'm under contract at $255k (over Tday break) w $8k as seller concessions for the buyers closing costs, so you should be able to sell easily considering it's in good shape in reasonable area.

A lockbox code cant be changed as easily so anyone can come in after a showing using that code. 

It's a common tactic in book publishing these days, just like Hal Elrod's 50 different versions of "The Miracle Morning" which could easily be condensed into a 20-page pamphlet but instead he takes the same information and "customizes it" for single moms, Christians, plumbers, people missing more than two fingers, etc.If you haven't read any books yet, I think you'll do fine with Brandon's latest or his original since they both contain the same basic information.

Yes, your numbers say you will make $160 per month but this $1,900 per year will be easily eaten up when the tenant moves, it is vacant, you need to make repairs and make ready.