We are looking to do the same thing for a flat in Athens which we'll turn into another artist's studio.Instead of the 2% rule, I have a 3% rule when looking for properties like this: it covers management and cleaning fees and utilities.Some key elements to doing well on Air BnB:* Beautiful, well-lit photos* Excellent location convenient to transport* Well written ad with thorough description of local attractionsWhat can make up for a lack in any of the above:* A quirky design/unique lodging experience, at a low price NB: Air BnB type services have been drawing the ire of hotel lobbyists to local governments, and many renters don't pay taxes on the $ earned.

Now, I have a plane to catch since I was released by my surgeon this morning.

Here are the listing photos..So that was listed early April 2015 and was under contract in the last week of April.Sure enough the Westmont Condo finally closed as soon as that one was listed so it was really a 1-2 punch.

Welcome to BP @John FoxIf you want to be taken seriously then I would suggest that you complete your profile and include a photo. 

Thanks for the insight @Matt Devincenzo.Interesting catch on the roof's thermal conduction.

I didn't take photos of the drawer and learned my lesson here...

My response is...I see 50 y/o men run across IH35 late a night too, but that doesn't inspire me to make the same mistake as the consequence are far too severe once the odds catch up to you.Never do something simply because someone else is doing it.

Here's a link to my AirBnB listings if anyone wants to come down and catch a bite to eat I'm always interested in meeting interesting people.https://www.airbnb.com/users/82919738/listings

Rent $900 to $1100The catch is the house is on a busy street and across the street from a strip joint!

The guys I know typically lend at 10% and get paid a minimum of 2% of the loan value (i.e. if you pay them back 30 days after you borrow the money, you owe them 2% of the loan amount).As you build your track record make sure to document your success with before/after photos and buying/selling HUDs to show potential lenders in the future.Good luck!