We added a hot tub to our studio thats 6 blocks back from the beach and it won't stop booking.

Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

On a rental that’s not generating income is it any different book keeping wise then you would for a rental that’s is making money Or what are good things to know or learn Thank you !

At that point I dont know investing would make any sense, I have heard scary stories I was thinking about short term rentals but that needs constant cleaning after guests and conpetition is very high my friend spent almost 200k out of pockets to buy a property for airbnb and he got 17 bookings per year....

So prompt responses to inquiries generally get the bookings.  

Quote from @Matt Weddon: Really what generated this question was a section from Brandon and Heather Turner's Management Book, which has been incredibly informative and helpful.

Another great property management starter book was Landlording on Autopilot - Mike Butler.

I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.

If you read Brian's informative book, you will learn that he finds integrity to be #1.

I'm not a huge fan of constant buying and selling - it's just too much damned work at this point in life - but for sure I would jettison anything that wasn't making an acceptable profit, and if you have any RE you should know this number.