If you have to cancel on future Airbnb guests, so be it.

Quote from @Polat Caglayan: What do professional investors think about Detroit's course and future? 

I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.  My endgame is to end...

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

Sometimes its better to lose less now than more in the future.

Then the person is soured on gambling on real estate and not around here to answer questions. 

They gambled, and lost.

Hello everyone, my name is Max. I’m here to connect with like-minded individuals, gain insights from others, and contribute value wherever I can in the real estate field. Excited to learn and grow together.

Hello Everyone! To give some context before my questions to everyone, here's a little about me and where I'm at in my investment journey. I've been listening to the real estate rookie podcast and others like it for ov...

Thats your bonafides to being able to do future deals.As mentioned above, keep your credit perfect.