This means having appropriate insurance, executing contracts with vendors/subcontractors and ensuring you are listed as an additional insured (not just  a certificate holder) on their insurance policies.

@Yejin Mun, I would say it depends on your market. 1.

Quote from @Kendall Jackson: I’m trying to get started in real estate to provide additional income for flight school and eventually buy a home in San Diego.  

I have analyzed a few deals in the current market, but I have not been able to find a single one that will produce a decent cashflow. 

Quite often I see the seller requiring some type of downpayment, with interest only payments (usually higher than market rates) for X years, with a balloon payment due at the end of the term. 

We knew at the price the house would cash flow, then the house market went crazy and rental prices went up tremendously.

We find flip deals in the Reno, NV area that are on market and you can sometimes even have inspections done.

It will still be a period of time before rates start to come down further and it will take months before it is felt on the for sale market.

I think the AirBnB plan is very interesting and while I don't know Warren's market specifically, I will say that I could see the uniqueness turning some eyes to it.

I never would have thought prices would increase as much as they have, but I'm happy I bought when I did even if not all of them cash flowed.I also have properties in two very different markets.