Quote from @Cody Miller: I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental Most people will recommend you cash out some of that equity and use it to purchase a rental.

UC is in very high demand so vacancy is basically 0, it isn't really a "party school" unlike somewhere like UCLA (weird example I know) so you won't have to deal with those issues as much, depending on how many people live there, who you rent it to (frat/party kids, etc).

People do it all the time actually.

Thanks Rod has great coaches and a strong network.I know people who have done Michael Blanks as well.

That's why I always tell people out of state who want to invest in Milwaukee a remote BRRRR is a lot harder than you think! 

I don't thinknitbis so much about a specific area as it is a good price on a specific property that has views and amenities that people want.I would set up search for popular mountain tourist locations and be patient till the right property comes along and be ready to pounce.You can put a property under contract to lock it up and then schedule a viewing and make a decision during the due diligence time.

Most people do not realize though that a bad review does not hurt a host like you very much.

There is nothing wrong with that, but I think many people don't fully understand their reasoning for doing it.

Though I suppose many people would rather have new construction townhouses or a 3 or 4 story apartment project on the site.   

I rent to people who set up mid and short term rentals.