Short-term vacation rentals involve renting out properties to travelers for short stays, typically through platforms like Airbnb or VRBO.Getting Started: If you're interested in flipping, start by researching local real estate markets, analyzing potential deals, and networking with real estate professionals, contractors, and lenders.

What are local market rents for similar sized units in your area?

Buy new from a local Mom and Pop who beat or match Home Depot/Lowes.

There is a woman from California looking to do this upcoming for a year before purchasing locally to live near her children, that sort of thing, and in her case taking it slowly.The lease is signed and they paid.

It all comes down to your local comps.

Let start of with a bit of background....I'm a local metro Denver Realtor who has been licensed for less than a year and been with my brokerage (Dwell Denver Real Estate) since April/May 2014.

If you can purchase locally and still hit your investment goals, I would do that.

“She said she got fed up and went to her family’s home on 160th Street—with the local TV outlet in tow—on Feb. 29 and called a locksmith to change the locks for her.”Understandable, but not a wise course of action.

If i was in your shoes I would do some secret shopping on a couple l new local condo projects. 

For example, if I bought this type of property and knew that my rents were below average for the local market, then my first phased approach would be to get aggressively try and get those rents up to where they need to be.