Purchase price: $215,000 Cash invested: $40,000We own a small multi-family property in Pensacola near NAS and Perdido Key that we rent fully furnished to military, traveling nurses or corporations.

Today is the second time in the past few weeks that a guest has asked us to allow them to cancel for a full refund the day before their stay because of bad weather where they live that may prevent them from traveling.

.- If the property needs work, it's the tenant's opportunity to build sweat equity in their future home- If the tenant does not execute the option, you get to re-lease the property to another lease option tenant- If and when you do sell to the tenant-buyer, you avoid the traditional home selling process and associated closing costsHope that's helpful for you @Edward Giyo

A couple words of caution, as Mike said, even if we frequent travelers to Mexico go for a condo or Airbnb type property, we want luxury.

I am taking the plunge and leaving my W-2 job (buying land for a homebuilder to develop into neighborhoods) to do some traveling and to commit to real estate investment full-time.

.; it's mostly undergrad students, grad students, traveling nurses, medical residents, etc.).  

You (almost) never draw a W2 salary from being a landlord.Rich Dad examples are for a completely different scenario, such as potentially running a store or a gym or being a traveling guru teaching others about creating corporations and writing fiction books about fictional characters who supposedly influenced you. ;)Fringe benefits of C-corporations are extremely limited for their owners even when it is appropriate to consider a C-corp for some other reasons.

very impressive and well executed.

I would rent out the room as soon as you can as a midterm rental to travel nurses or other traveling professionals.

There is a big hospital in my town, so I think I can target to traveling nurses, however we have very active 2 toddler boys, so I am not sure if anyone will stay in my house.