Also, think about your target guests (like traveling nurses, families, or weekend visitors) — it’ll help guide your furnishing and pricing strategy.Happy to chat more if you ever want to bounce ideas around — I love helping new hosts get started!

He charged me a few thousand dollars for information that is repackaged and rebranded, because you can simply find it on the internet!

When it comes to how much “profit” or buffer to leave in a deal, there’s no one-size-fits-all number, and it really depends on your market, the property, and your comfort with risk.Many investors aim to leave around ten to twenty thousand as a cushion, like your agent mentioned, but what matters more is that the deal still makes sense after all costs (purchase, rehab, holding, financing, and resale or refinance).

When I look at the numbers of these properties it seems like a few couple hundred dollars in cash flow and thousands of dollars in fees, repairs, and maintenance? 

In the past, one of my failed experiments was using furnished finder to explore options with traveling nurses as there are couple of hospitals around our town but it did not materialize in a way I expected. 

This way I pay off the mortgage early and save thousands in debt payments. 

After sending out thousands and not getting responses, or at least not good ones, I stopped trying this marketing method.

I assume it will spend zero the last few months while collecting 100’s of thousands. 

That does not wipe out the first, since it's a subordinate note foreclosing on the first, but it could make it tens of thousands of dollars less expensive to own the property. 

Often to travel nurses and professionals.