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.

This seems like an excellent analogy to me.

Both excellent reads.Good LuckPaul

= MAO.Also, excellent breakdown by Troy above.

Those that prove excellence, will have their license paid for, and opportunity for paid position will be available as soon as you have proven yourself as competent and reliable to the team.

They don't require a separate trade (HVAC) your electrician can handle them, they don't need to be installed until move-in if your worried about theft.Craig's list is excellent for appliances, don't discount some of the low end stuff at Sears.

Granted I'm still looking to close on my first deal following the course and get out of that 9-5 job...Excellent advice - stick to the numbers, be conservative, don't get sucked into bidding wars (especially those who are in markets where MLS has dried up again), have a system, and just let the numbers talk to you.

If I buy multi units that need rehab and do a lot of the work myself, my cash flow will be excellent.

While some of the creative ideas are excellent, they are not the only options.Just my philosophy.

Good thing no one was hurt, and I think the giftcard idea is EXCELLENT.