But there will be a date when the answer is yes cause I am committed to grow in this.

If this is your first time in l/t court, consult with your attorney. 

From what I’m learning so far, one big takeaway people mention is that short-term capital moves fast, so the deal really has to be solid way before you commit.

You can learn a lot through free or low-cost resources (forums, REIA groups, podcasts, and analyzing deals on your own) before committing big money.

This is my first AirBnb, and the first guest I hosted broke my dishwasher, broke the door to the laundry room, tore the handle off the fridge, and clogged my toilet with a t-shirt and a tin can among other things.

Quote from @Henry T.: Was the work done according to code?

FYI in many competitive markets a very high percentage of listings don;t offer flexible cancellation rates.

Talk with a CPA if it actually makes sense for your situation because of the time and financial commitment of buying a STR can be greater than the tax savings.

This allows you to test the local job market and lifestyle without losing your NYC stabilized status.Invest Locally: Once you commit to a new location, look for a house-hacking opportunity there before branching out into other investments. 

For those who’ve worked with private lenders or funding partners, what do they usually want to see before committing?