If you feel like you're in over your head, don't count on luck, list it now and get a feel for the takers on this one.

I like the idea - my main advice would be to try to design it to maximize guest count, eg at least 2 vs 1 person comfortably.

do not count on the future. 

If you were to do it, double your projected repairs and certainly don’t count on collecting 100% of the rent.

I can count on one hand the times a deal didn't go according to plan, and even then it was mostly minor issues.

Count me in!

I live in London and run a monthly property meeting. 15 years and counting.

And to make it even more of a game, I put a picture of a house on the fridge with boxes with a number (counting down) that represented each 1,000 left I owed.  

My strategy is going to be buy and hold multifamily rentals starting with a few units and then expanding my unit count and diversifying into various other types of commercial property.Currently I'm looking to use an FHA or 203K loan on my first acquisition or preferably an owner financed apartment building.

I do have one tenant who pays late every month and I charge them the late fee.  15 months and counting.