Looking for confirmation here so I don't blindly trust.

But I do really love staying in Airbnb units owned and operated by the small owner/host, the ones that Airbnb was designed to support.

Never pay them upfront and always check them out with the local BBB, state licensing, confirm they are insured, etc.

@Jeremy Anhalt - Thanks for the feedback, and confirmation that the Fox Valley is a good area.

I'm assuming I need to get a licensed contractor to take care of that, which I'll confirm with the City tomorrow.I'd like to push that expense back to the seller.Who here has had to deal with this in Allentown or in the area?

No HOA or CDDsTotal monthly = 2,335If Short Term which I have confirmed as legal in this neighborhood then add utilities say an additional 400 = 2,7351) Now Step one would be to house hack for the first year or two.

Of course your conclusion is correct...the properties in question are almost designed to fail your CF litmus test...badly.Try doing this with properties that someone would actually consider buying for the cash flow...like ones that have at least an annual CF of $ 4 - 5000/year.

It would be better to pay 35-45k for something in decent shape confirmed by a quality home inspection. 

I understand what you’re saying about it could be 10k because it’s my first deal but I have been very conservative with my numbers and my contractor is a friend who flips houses for a living and he is confirming the numbers as well.

Definitely would confirm with a CPA