long term appreciation and value add potential How did you finance this deal?

House hacking is essentially the cheat code to get started into real estate investing.Generally done by utilizing FHA loans and 2-4 unit properties.Basically, buy a primary residence, live in it or one of the units for 12 months, move out buy again and do it all over again.Each time you can utilize fha as long as you refi the former before you use it again.Great way to buy a lot of properties with low entry cost!

QUESTION #3: HOW LONG HAVE YOU BEEN IN BUSINESS?

As long as it is in your house rules and you have evidence of them staying later, Airbnb will pay you out.

I have been sniffing around for nearly a year and a better understanding of the area rental market.it seems long term rentals are no go as there are so many competitors and rent could go as low as 850$.

For the past two years, I have been doing mid-term and short-term rentals for two of the bedrooms. 

Some investors want to get paid back within 12 months (most hard money lenders), while some lenders (friends) may be OK with a longer multi year term.

Those of us with a long track record are completely unphased by the settlement and changes and will likely be charging more, not less.

My question for you more seasoned investors is, what policy terms must I make sure are part of the policy I end up selecting to ensure maximum protection of my asset?

I believe you're right too - someone from VRBO reached out to schedule a call not too long ago, but I haven't been successful with getting that set up.