Sure, there were a few hiccups along the way (like when a shipment of materials got delayed), but with some late-night calls and a bit of creativity, he turned it around.On the flip side, turnkey properties offer immediate cash flow with less day-to-day hassle.

I do a lot of direct bookings that take security deposits, but with Airbnb, they are always tough.

But if the market for large STRs is thin, the basement might not add substantial value.Selling: Selling could free up cash for other investments with better returns, especially if you’re uncomfortable with the low ROI and management required for STR.It’s a tough call, but if STR potential is there, it might be worth a trial period to see actual cash flow before committing fully to the basement investment.

@Chris PackerThis is a tough call.

In general, it is tough to find landlords that will take Section 8 (at least at the level of house I provide, B/B+) and so you'll get plenty of interest. 

The tough question can be in the exit with where rates are.

I felt that it was very well done, covered a significant amount of material, had a friendly and motivational feel, and was a good experience and a worthwhile value for $1500.

While contractor availability and supply chain slowdowns are challenges, they plan ahead by securing labor and materials early and building in project buffers.

It's tough for out-of-towners to compete and find a good deal, but if you're here and can drive the streets in your neighborhoods, do that!

That's $1,000 plus materials.