That’s how much you have to spend on 1-3 replacement properties (to keep it simple)2) How much equity do you have in the property?

Also, know that Guesty for Hosts isn't a simple upgrade into Pro, so don't think you can futureproof your business just by going with one company. 

BRRRRs are not simple.  

@Taylor Kendrick, as Remington noted, it is a pretty simple process.  

Looked at the product features and saw this:Start your Airbnb search optimization with a set of simple tools.

I'm asking specifically because I am thinking about throwing a treadmill or elliptical machine in the living room if the person wants to exercise a little while they're there.The unit isn't huge (around 1k sq feet) and it will probably look tacky, but I was wondering if other people have found value in providing some simple exercise equipment, even if it seems out of place.

I’ve received a number of responses from investors essentially stating that they use a simple buy/rent/hold approach in small residential properties, and have accumulated net worths in the 1 - 3 million $ range starting with just one mortgaged SFR. 

I think I'll just sell to cash buyers to keep it simple.

If you want to house hack in Northern NJ its simple, I am the go to realtor. 

Thanks for sharing your knowledge For a rough calculation you could take the annualized P&I payments / the purchase price. 1256*12= 15,072 / 75000= 20% annualized returnI use a simple xls spreadsheet with Present Value (PV) macros to calculate my offers based on P&I payment and remaining term.