If you take it to the extreme I’d like to see an interest only loan option that had a competitive interest rate, I mean I do like principle pay down, but I like cash flow better, and in the end equity gain is where the really money is, so any tool that would allow me to use more leverage and reduce risk by increasing liquidity is better for me. 

Check out your successful competition and see what they are doing that is working and use this as a guide to what you should be doing.

I have a few Airbnbs and know what we execute on to stand out but it just seems like there's WAY too much competition and the juice might not be worth the squeeze.We're trying to be within 10 minutes from the beach and downtown, which is putting us at a price point around $600K for a prospect property, but even with those numbers at 20% down w/ taxes/insurance, it doesn't seem worth it with the surrounding competition.

Here’s how I’d think about it as someone who owns multiple multis across Chicago and watches taxes/neighborhood cycles pretty closely:Woodlawn (Option 1):You’re absolutely right about competition.

It tends to build competition.  

@Musarat YusufaliHey Musarat, great question—Austin has strong demand for mid‑term rentals thanks to things like tech relocation and contracting work, but the entry cost and competition are high.

IT'S FOR BRAGGING RIGHTS AND COMPETITIVENESS!

I'd love to see competitive pressure!!

@Case Mccarthy great question, Depends on the competitive environment, The average age in Maine is like 45... so we can't find many people to mow lawns and decided to keep it in house. also the margins at scale work out for both the owner and the management company. we do the same with snow removal

If you are partnered up with an experienced investor and create a new LLC that you are also a member of, this will be the easiest way to secure competitive financing and get the experience necessary to qualify on your own.