We are looking to do the same thing for a flat in Athens which we'll turn into another artist's studio.Instead of the 2% rule, I have a 3% rule when looking for properties like this: it covers management and cleaning fees and utilities.Some key elements to doing well on Air BnB:* Beautiful, well-lit photos* Excellent location convenient to transport* Well written ad with thorough description of local attractionsWhat can make up for a lack in any of the above:* A quirky design/unique lodging experience, at a low price NB: Air BnB type services have been drawing the ire of hotel lobbyists to local governments, and many renters don't pay taxes on the $ earned.

I try to steer clear of townhouses/condos since it's attached and can cause complaints from your tenants about something you can't control such as noise and things of that nature.

its no different than me teaching someone how to trade for a living, no offense but you make it sound like people in general are cynical in nature

*And I should be rich and beautiful ;) I really hate reality sometimes!!!!!

I'm no natural leader, but I don't really have to be. 

Turned out Beautiful!

Thats the nature of the business .  

Those homes are beautiful by the way.

Hi Rhonda, I'm in the military and the nature of this "business" requires us to spend more than just a standard work day together.

. :)Why not just stay with the initial purchase and take care of her risk adverse nature, providing her guarantees, she probably wants a sweater deal to accept her perceived risk.