When I first started,  I focused on 2 bedroom houses (they are cheap 25K and easy to maintain) and section 8 (paid $600 a month) to help ensure I was making money. 

Then, maintain a stable you can pick and choose from as your properties, and their lending criteria, fit.The last thing you want is to be scrambling at the last minute to find money after having an aggressive offer accepted.Good luck, Jonny.

These properties would be good enough to have high income tenants which would in my opinion be a less hassle to manage/ maintain.

As a host it is your job to furnish and decorate the place, respond to messages, flip the place between guests, and maintain the property.

Maintain a high standard on your customer service.

@Adriel Cisneros, I would pose these questions to an SEC attorney.The raise amount and timeframes can vary based on the individual circumstance.Our SEC attorney advises us to have the latest disclosures available to investors.

My definition of a dependable passive income is as follows:Reliable - You continuously receive income in good and bad economic times.Inflation Adapting - Your rental income increases faster than inflation, so you have the additional dollars you need to maintain the same lifestyle.Persistent – The income continues for a long time; you and your spouse will not outlive the income.To meet all three requirements, you must follow a process.

It really poses zero advantage in most cases.

Of course, this is not all nor the only questions to ask yourself, I would say to really weigh what you are willing to spend and maintain for STR v.

The current management company asks that I maintain $500k of landlord and premise liability insurance per each occurrence and asks that we add them as an additional insured.