It's easy to blow through cash but hard to find and build an asset like you have.

I think Short Term rentals have been one of the hottest topics on Bigger Pockets lately - I think its single-handedly been able to blow up specific markets.

I'm also going to advocate talking to an attorney to draw up an operating agreement for any LLC you create with another person.

Since then, we've learned that through the inspection, the central A/C unit is damaged (refrigerant leak, not blowing cold air) and we've asked for a credit from the sellers to replace the unit (that's it - we figured we would fix the other issues on our own).

Yes, I have a plan for what will be the first AirBnB unit to my knowledge in a town.I'll play devil's advocate with you by a message chat.

For example, if you have a project where the holding costs are low and you come across a new issue that a contractor wants to charge a large amount for blowing your budget, you could choose to take on some of the work yourself to keep the money the same as estimated.

If your turnover is higher, it might take 2-3 years to get your money back.If it’s a “b” class, there are many on this forum that would advocate non renewal to get to market rent.

I just started here because we all know our mindset is investment but market blow out like a crazy and I need to be sure the numbers are good for me.

It always blows me away with posts like this.You need to decide a plan of action.

@Joanne Tsai - I would find a local person who can help advocate for you asap - whether that’s your agent or another Airbnb host who you offer to “cohost” your house or pay outright.