Purchase price: $100,000 Cash invested: $101,650 2 bed/ 2 bath condo, just under 900 sq ft.

How did you choose which city/state? 

I am committed to testing the short term model this week through the summer, as I've just dropped about $5k on supplies/set up for it, hahahaha (all a write off)  I'm just testing the short erm/ corporate rental/ vacation rental model on a few units. out of about 30 that I manage in this area.I'm setting up beds, furniture etc this week and hopefully will have some rentals open this week.I'm attempting to do corporate (mid term 1-12 month furnished rentals) as well as testing the Air BnB concept.If any locals who do Air BNB on asmall or large scale want to help for service, Or if a local newbie wants to meet up and help me move furniture, clean and set up these units let me know. 

Some investors choose to raise rents gradually in an attempt to avoid a vacancy.

Owning a property in a corporation will make it harder to sell if you ever choose to do so.

Many people just choose the first piece of marketing they see if they need to sell fast.When they choose to sell, they need to see your name first. 

There is also an 800 sq ft 1 bed 1 bath guest house on the property.

So, I believe, though I've got the typical newbie "frame of mind" currently, me choosing the real estate path is at least a great start in the right direction.MentorThis is why I've kinda turned to BP and another reason why I chose the transparent route.

The "Secret" is to market enough so that you have multiple buyers to choose from-and you are "desperate" and have to "SETTLE" for the only responder!

Seller will probably take a tax hit on anything over $500k (or even over $250k if he’s been single awhile)— so there is a good advantage for him maybe,  to spread out the income over 5 years —more reason to force the terms of an owc to be way to your advantage, should you choose to go that route.