We are set to go live on our first short-term vacation rental in the next few weeks (a few pictures below). 

I was back end vendor at Rich Dad for a few years and they did a good job of having one meeting then doing detailed break outs in a class room setting without all the Hype like an Armando Montolongo did. 

However, if you are offering a bike-rental business, expect to be changing flat tires and adjusting brakes on a daily basis.I also like the idea of using a local vendor.

I’m not opposed to section 8 one of my tenants is section 8 and she’s been great, I just wouldn’t want to be in an area where that’s my only tenant base, because your rate kind of ends up being set by hud & not the market.

It all starts from the very beginning; the way a landlord communicates with the tenants sets the tone for the relationship.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

Note that I'm not asking this question looking for an excuse to give up on my dreams of real estate investing before I even start - I just want to go into things with my eyes wide open and adjust my strategies if necessary.Thanks in advance for your input guys (and gals!)

Similar to A, but with stipend inputRabbu (good for STR)AirDNA - another good STR outlookRentometer - area rent LTRZillow (area specific)- Housing Data Demand - LTR/General DemandPrice labs - set filters to 30 day stays / include utilities.

.- Property receives one set of taxes- Both houses are approximately the same sq ft. (1300)- Two single-family homes, not attached (two different addresses)- Property size 0.45 Acres- Township won't allow subdivision unless each house sits on 0.5 acre lots- Will reside in one house upon purchase, and will rent out the second house- One house currently rented out for $1,400 a month with a one-year lease- Purchase price $260,000Looking for ideas or best ways to finance this type of property!

Sounds like you've been setting up your deals improperly already.