With careful research and a solid plan in place, it's possible to succeed as an Airbnb investor in Crystal River or any other location.

If you are able to get the qualified real estate professional status then your plan would work.

Plan is to rent the house for few years and then later on either add more homes to the property or split the land up into smaller lots.

@Jake Posner- thanks for the post ...if you plan on needing financing for the rental proeprty - make sure to get  fully pre approved  for the hypotehtical  scenario you are planning ...use a loan officer or lender that is licensed is all the states  you are looking at . thanks 

Business Plan:Start with a clear plan.

Business Plan:Start with a clear plan.

If you start your own firm, I would plan on 60-70 hour weeks for the first 5 years or so. 

It is actually currently a rental property (purchased in 2017), I am planning to move into it for 2 years as our primary residence, make some improvements and then convert it into a short term rental. 

I’m having a hard time finding information on the financing piece of how house hackers build their real estate portfolio – is this plan generally sound?

Hello All, I am not sure if there is a rule of thumb to how much a design should cost but I received an estimate of $23K for Civil engineering work (site plan, storm drainage plan, site grading, soil erosion & utility plan), $25k for  Architectural and structural and $11K for MEP for 12 units townhouse (2 bed and 2.5 bath) on a slab.