It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

The rental is priced over $1500/month and is either in a C/D neighborhood or the property is a dump3. 

We get a few reservations per month through there.

Is she going to go running to this RE agent (who was being evicted two months ago herself) for more bad advice?" 

I gave them notice 3 months ago that I will no longer be renting to them, and they paid very late each month except for this last month.

As for my own market and the surrounding areas, I'm in one of those areas where the best I'm going to do is $500 monthly negative cash flow as opposed to $1,000 monthly negative cash flow.

However, she ended up missing rent for six months.

This is in Allentown, PA I was reading about the rent increases and from what I saw it cannot be raised more than 10% in 12-month period.