I'm not sure why Airbnb would want to turn away potential guests, but I also have trouble believing they could be so successful when similar units are basically empty.Finally, I don't live next to o'hare, and I would prefer to host my STR III my neighborhood.

The biggest concern I have is that most individuals in my network will not be able to cover the whole $100K purchase......and I wonder about having 3-4-5 private loans and the costs/hassles associated with that.  4th lien position? 

You may want to look into turnkey investing depending on your goals or preferences.

As a general rule I only recommend portfolio loans to experienced landlords who already have at least 2 properties and preferably 5 years but at least 2 years of experience.

It is the rare individual in the convenience-selling segment of the service industry who can recognize this tendency and stoutly resist acquiring it over time or allowing it to fester in the people who work for them.

My situation: Long distancePlan to have a property managerMy preferences: SFR only, no HOA Can make money from day 1 Newer homes with decent schools1% ruleTraditional finance, 25% down.

And I'd prefer to not have a dozen people make up the $325k.

I work on the east side and most of my investing is on the east side but I live further south on the west side now so I'm all over the place (: I do prefer the east side though. 

So I have done a fair amount of research on the forums here and elsewhere as well.Generally speaking, it’s common practice to provide a “preferred return” to your investors.

You can get higher rents than individual rooms in a house plus you aren't sharing the kitchen sink and bathrooms.