I also think investors without strong construction backgrounds need to have a good contractor resource to help evaluate rehab costs BEFORE acquiring property as well.  

Minneapolis in a beautiful city, my full time job is based out of there and I use to go up there to Eagen almost weekly!

Recently sold our home that we owed out right... and everything else we own except for a few essentials... like the Harley.I have a limited background with the one rental.

It's a beautiful place.

Background .....I have some 3 family buildings in the Weehawken/Hoboken NJ market and under threat of divorce my wife has spoken, 'if we buy another house it needs to be a shore house.'  

Looking online, it looks like these AirBnBs are like mini hotels - they're beautiful!

Hey everyone, quick little background.

if so, who then pays for the credit and background checks? 

feel free to use real life examples, I know everything on TV is glamorized, but I do know a few developers in LA and NY who buy develop and sell theses beautiful spec homes with in a 18-24 month time frame, and it seems like they are CASHING OUT big time.

Our lease allows us to sublease for one year minimums which we plan to do for about $2500/mth + utilities including escalation clause.In this cozy little neighborhood of upwardly mobile millennials looking for a fun place to live, work and play and the well healed Baby Boomers seeking a cute place to hang out, take long walks on the beach, bike the many miles of beautiful coastline, golf, fish or surf to your hearts content.