While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

There is certainly opportunity there, but you have to keep in mind it's more of a long play in terms of when the area will be more of a C or B type neighborhood.Another area that comes to mind when people say "South Dallas" is Oak Cliff.

What made you interested in investing in this type of deal?

LuisI clean these up all of the time because a "guru" out there, very popular by the way, is giving bad advice.

They have groups/meetings for all types of real estate investing strategies. 

I am writing my business plan and I am trying to figure out how I will include in the renovation costs from a percentage of the purchase price, This is if I even have to because of the business type?

So, I am guessing they are not very popular with investors or the demand for rentals is not that high?

Even if you set a limit of weekly minimum rental, you may still get other types of travelers.Best of luck to you!

Has anyone ever developed one of these types of spaces?

Selecting the right location and property type is crucial to maximizing rental income and minimizing vacancies.Airbnbs: Your initial capital could cover the down payment on a property in a location with high Airbnb demand.