Booking.com is definitely gaining some market share as of late.

Have you decided on a target market that you plan on investing in yet?

They are zoning and land use regulations, accessibility, environmental factors, market analysis, topography and terrain, utilities and services, neighbourhood characteristics, restrictions and opportunities, development feasibility, financial analysis etcetera.

Research local market rates to determine how much more you can charge; often, Airbnb properties can command 20-50% higher than traditional leases, but this varies by location and demand.

We have also started building a base of past guests, where we market discounts during the week (they opted in), and have had a couple bookings from that.

@Michael KaminskiIf your existing home is on the market the bank could do a traditional bridge loan which is short term and gives you time to sell your home - just want to make sure you have plenty of equity that when it sells it can pay off that loanWhat state you in ?

If the investor's opening bid is the only bid, then that is the market speaking regarding the value of the house being no more than the liens.

I'm absolutely thrilled with this cash-on-cash rate of return (approximately 24%).My main takeaway is this: while the BRRRR strategy can work in certain situations and markets, it's not nearly as easy as many so-called gurus suggest.

I don't know anything about the Richmond market. 

We might sell if the rental market doesn't pan out—so curb appeal is important.