Grant Cardone style!!

What do you use for Airbnb style rentals while out of state and do not want to give people access to a key, and do not want to have to manually change codes on a keypad style lock.  

While there are basic aspects that can be pointed out, executing the strategy is something else.It took my momma a long time to teach me to be so perceptive, I don't think I could teach someone in a month or two what took her years to accomplish.

Check your city's rules about such short-term "hotel-style" rentals.NY Times story about Airbnb:http://www.nytimes.com/2012/12/01/your-money/a-warning-for-airbnb-hosts-who-may-be-breaking-the-law.html?

(So are the other home reno shows, but at least Fixer Upper & Rehab Addict will give you a feel for the styles people will want...buyers watch those shows, so if your house looks like things JoJo has told them look great, they'll love it.)

I'm just wondering how far you want to scale up and at what point do you want to hire more out and automize. hey william,all good questions. i have not read that book, but i will see if my library has it. i actually do not have a monster day job, just a worker bee engineer without any dreams to climb the corporate ladder.i do not have a rentals limit, i just whatever fits my criteria and my style. by style, i mean, the house needs to have a curb appeal and be in the right area. there are TONS of houses i passed on because they were either "ugly, weird layout, or in an area that wont attract the tenants i target. if i have the money at the moment, if i like the house and if my crew is running low on "projects", i just get it. i have been holding a few houses for the past 8-9 months just vacant in case the market dries up and i need a large project to work on.I have not much work on the houses for awhile. i still help out if i have a few hrs off here and there, but my crew keeps me in check by working only 8-5 and no weekends. so it's easy to just check on the project when they are not there and since they are not there to work, i just leave. i have a good team now, but do not have anyone that can oversee everything like i do. maybe it's because it's all mine and i know it inside/out, but no one will care for it as much as i care and know everything about it. i have spreadsheets that show purchase price, move in, move out, any changes in rent, if they have dogs, what insurance i use, when's the garbage day, what appliances came with which house, water payments for the year, furnace filter size, etc, etc... i update those as the "issues" happen. no one can do a good job unless i pay them a lot of money.my current payroll is ~120k per year, all sustained by the business.i think about quitting my day job often, and i certainly do not need it. but it's easy money, and the biggest fear i have is rentals drying up, like they have been. then what am i going to do?

@Marvin Anaya Not to beat a dead horse but I took a seminar on City of Chicago LTO and they had a lawyer who was teaching part of the seminar and he told us his whole practice is based on suing landlords. 

: he teaches financial PEACE, not just raw dollars and cents.But to answer your question directly, anything below 30% is low leverage.  31-70% is moderate, 71-90% is high leverage, and over 90% is get read to have your face kicked in the next time a flea sneezes.

Totally agree with this Dan.School teaches us to "Ready-Aim-Fire": we have to make things perfect and making a mistake is look down upon.However, as an entrepreneur (I consider being an active real estate investor as being an entrepreneur), it really is more "Ready-Fire-Aim".

Violin for Dummies: I am trying to teach myself how to play with this book and a DVD instructional course.