New Airbnb Investor

Member since 2025 · 9 posts · 11 votes

Hey all. I'm in talks with my partner and real estate agent to get our first investment Airbnb property. Is there a common checklist or things to consider before purchasing? I'm looking to map everything out to a detailed extent to minimize risk.

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Erin Spradlin

Real Estate Consultant · Colorado Springs, CO · Member since 2017 · 354 posts · 386 votes

Too long of a list for a single post, but in short ...

Buy in a good location, something architecturally unique if possible (or make it unique through great design), buy great furnishings with an eye toward style to stand out, add a few amenities to stand out (hot tub, sauna, game room, star gazing dome...), and pay for killer photos.

In short, bring your A game. The space is too competitive otherwise.

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Jeff ChisumPro Member
Lender · All 50 States · Member since 2020 · 248 posts · 142 votes
1y
Make sure to check out the 10% down second home occupancy loan. 90% of the loans I originate are clients using this product to invest in STR properties.
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- Trent Reeve
  Atlanta · Member since 2022 · 712 posts · 642 votes
  1y
  Quote from @Jeff Chisum:
  
  Make sure to check out the 10% down second home occupancy loan. 90% of the loans I originate are clients using this product to invest in STR properties.
  
  im not sure you can cash flow nowadays on a 10% down unless you find an almost unicorn deal.
  as for the OP, there is a lot of information on these boards, and this isnt the first time this question has been asked. If you search, you will find some great info
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- Jeff ChisumPro Member
  Lender · All 50 States · Member since 2020 · 248 posts · 142 votes
  1y
  Quote from @Trent Reeve:
  
  Quote from @Jeff Chisum:
  
  Make sure to check out the 10% down second home occupancy loan. 90% of the loans I originate are clients using this product to invest in STR properties.
  
  A lot of good information and a lot misinformation. Better to visit with an expert. I have plenty of clients cash flowing with 10% down.
  
  im not sure you can cash flow nowadays on a 10% down unless you find an almost unicorn deal.
  as for the OP, there is a lot of information on these boards, and this isnt the first time this question has been asked. If you search, you will find some great info
  
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Erin Spradlin
Real Estate Consultant · Colorado Springs, CO · Member since 2017 · 354 posts · 386 votes
1y
Too long of a list for a single post, but in short ...

Buy in a good location, something architecturally unique if possible (or make it unique through great design), buy great furnishings with an eye toward style to stand out, add a few amenities to stand out (hot tub, sauna, game room, star gazing dome...), and pay for killer photos.

In short, bring your A game. The space is too competitive otherwise.

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Michael BaumPro Member
Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
1y
First thing @Andrew Sangar, they aren't AirBNB's. They are short term rentals. AirBNB is a platform where you list your STR.
There are a ton of things you need to research and learn before jumping in. I would spend a ton of time on this forum reading all the posts. Just about everything you need to know is right hear, then come and ask specific questions.
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Andrew SteffensBusiness Member
Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
1y
@Trent Reeve you definitely can cashflow a 10% down loan, I find those for my clients often! It may be a little thin but definitely possible.

@Andrew Sangar - @Erin Spradlin and @Michael Baum brought great points, you definitely want to bring your A game. It sounds like you may (and I could be wrong) be jumping in a little fast. You can not simply buy a nice place and expect it to automatically be successful. Spend time on here in the previous posts for every step of the process (market identification, property selection, underwriting, furnishing, management, best practices, and more). Best of luck and do not hesitate to reach out to me or almost anyone else on the forum for advice.

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- Andrew Sangar
  OP
  Member since 2025 · 9 posts · 11 votes
  1y
  @Andrew Steffens makes perfect sense. I forgot to mention I've had an Airbnb arbitrage in the same area for the past 6 months so that was kind of the test case. At this point I know how to set up and operate a functional Airbnb, but it's my first time actually buying property so there's definitely going to be a learning curve there.
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Josh SedivyBusiness Member
St. Louis, MO · Member since 2024 · 134 posts · 55 votes
1y
When purchasing your first property, start by researching the location to ensure there's demand and that local regulations allow short-term rentals. Make sure your budget includes not just the purchase price but also closing costs, any necessary renovations, and ongoing expenses. Look into financing options specifically for short-term rentals. It's essential to inspect the property thoroughly to avoid hidden issues.

Check the legal requirements, including permits, insurance, and tax obligations, as they vary by area. Set up a reliable cleaning system, as cleanliness is crucial for guest satisfaction. Research pricing strategies to ensure you’re competitive and adjust your rates seasonally.

Create a standout listing with high-quality photos and detailed descriptions to attract guests. Lastly, consider the long-term resale value of the property and have an exit strategy in case you need to pivot.
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Anja Schaer
Investor · Atlanta · Member since 2022 · 146 posts · 72 votes
1y
Hey Andrew! Before buying your first STR, make sure you're clear on local regulations, demand, and zoning. Budget for more than just the purchase—think furnishing, setup, and ongoing maintenance. A standout design and strong amenities (like a hot tub or game room if your market demands those amenities) can make a huge difference. Focus on a great location, pro photos, and a clear financial model. And don't underestimate the time commitment—this is a business, not a passive investment. Start by reading through STR forums, and don't be afraid to reach out to experienced hosts for insight. Good luck!

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