The units all have tri-paint jobs with ceiling paint, a nice wall color and super-white glossy trim on everything else. 

Nice to meet you Khalid, saying hello from Chicago!

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Nice, I don't know Castelo Branco, but Portugal is on my list when COVID gives a break. =]I assume you know the place then.

I call most of my guests as soon as they book on Airbnb and VRBO especially if they are new to the platforms or don’t have reviews, i nicely ask them what brings you to town?

My strategy in Arizona has been adding bedrooms and renting by the room - currently getting 850-950/room in nice neighborhoods.

You're going to need 15-20 duplexes that are considered good deals to get to that kind of profit.

Depending on your goals, this might be a nice vacation property and to diversify your portfolio.

What makes it slow in this case is that you don't really start seeing real cash flow until after year five but it's more effective than rentals in that there is little to no maintenance.Sure you can live in a home while fixing it up with the intention of selling it for a nice profit later but I think many people are already doing that and the buyers of slow flips now also have that opportunity without having to qualify with a bank.

I think you're misguided on this particular topic, but you seem like a nice and intelligent guy, so thanks for the lively discussion.