I've been in the restaurant business for 18 years, FoH managing for 10; and I ran a 6 acre homestead airbnb in Newtown for several years.

Hi everyone, I'm just getting started in my real-estate journey.

Just like any business you might bring in $100k but have $50k in expenses.

BP wont let me post the link but you can search "Investors Guide to Memhis Real Estate" anywhere you listen to podcasts and you can find the 2024 Memphis, TN Investment Zip Code Break Down episode. 

I now currently own 6 Vacation rentals across 3 states, 1 long term rental, and manage other Vacation Rentals through my business, Lubbock Complete Bnb.

It does come down to your goals, your time to allocate, your business sense, your ability to bring or raise capital, and what you are trying to accomplish.I am personally not a fan of short term rentals, as it appears regulations in many cities keep making it harder.

Think a bunch of local commercial real estate agents or residential agents who are in the industry talk about what is needed...  

Been busy all day but went to see the discussion and the post disappeared.  

Cost of doing business.

Listen, I know you have to make money as no business can be sustained without income.