This will attract the under 30 traveller crowd, which is really the best market for airBNB anyways, given that the over 30, and especially over 40 crowd tend to be overly critical of homesharing with overall poor 3-4 star reviews (instead of the consistent 5's required to stay relevant on a platform) and in general high maintenance with regards to questions, needs, etc.I've found when rooming with strangers, they really enjoy meeting others, and more importantly in general 'behave' better as they are in the company of strangers (vs. them being there with just their friends in a SFH/entire condo rental).

But do keep in mind even a very well run BRRR is going to usually take at least 6 months to go full circle so if your have capital to do just one.. your going scale at 1 to maybe 2 units per year.. and choosing the asset class is critical..

I am also new to the generating leads aspect of real estate.

As he said, if you are going to be some micro-managing land lord who wants to strictly enforce every single aspect of a lease then this isn't for you.

Or are you trying to be smart and/or  criticize ?  

RE the timber aspect of this conversation, Jay Hinrichs was also a podcast guest like Seth Williams, and transitioned from land into timber. 

Read @Mike Weese book, liked it a lot.Read more than 300 other real estate books, most not that good.I would like the best book written on using your solo 401K to buy real estate, if that book exists, if it doesn't then I will be forced to do all the research and write it myself.I'd like to read a book about somebody who is succeeding now doing some aspect of real estate.Any suggestions?

Any advice/criticism is welcomed. 

A different matter.Judgments can cause your tenant's bank account to get hit, they could lose their rent money causing a late payment or default in the lease.I'm not sure how an accurate point system can be devised that would stand up in the event a tenant complained of a rental assessment (a judgment is enough for a denial) but scoring other matters between other applicants......I wouldn't go there.Once you take aspects of your underwriting from a subjective side (having the ability to use your opinion on the matter) to an objective side, quantifying some matter, then you open the door to your system being fair and accurate and it won't be.I say it won't be because multi million dollar programs can't meet that standard, MUELS, a mortgage underwriting system has kicks that can't evaluate objective matters, so I'm sure a landlord won't be successful when institutions with big bucks can't solve such problems.That said, having some system certainly helps you determine applications on a consistent basis, it's a guide for you to remain fair in your assessment, in your mind so to speak.

(Oddly, I never hear people criticize my decision not to do that, even though I'd have made more money doing that in the recent past than by owning SF real estate.)Bakersfield is an option, and I will give it a second look, but I just wasn't able to make the numbers show 15-20% CoC the last time I looked.