It’s amazing to see how much the market has changed since then..and I remeber reading an article in Forbes that talked about how travelers often prefer unique stays with great locations.A friend of mine up in Lakewood had a client who tried an Airbnb in a condo overlooking Sloan’s Lake.

Being OOS, finding a good investor friendly agent, who you can trust, is the most important.

I will also add that many independent travelers that do room rentals enjoy having their own fridge.To keep things kosher in shared spaces, my friend who runs PadSplit says every room comes with one colors or plates cups etc to ensure that guests are accountable for their own dishes.

My friend in Austin was telling me how he once lost track of funds because he used only one main bank account.. that got messy real fast.According to something I read in Forbes, many banks let you label accounts in a more flexible way.

Another friend who invests heavily in Phoenix shared a story about her first deal there..she jumped too quickly into a duplex without adding a little cushion for those first-year capital improvements.

You have a long great career on FOX and friends.

What you're doing there is making friends, and you make a lot of friends this way.

They keep rent low, give gifts and homemade cookies for Christmas, make upgrades whenever the tenant requests,  accept all the late rent excuses, etc.The truth is, your tenant is not your friend.

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

No @Ken M. it isn't "by guess & by gollie" I had a realtor friend run some comps in the area and $180,000K is the value.