I looked quickly through Airbnb and it looks like room rentals are going from $25 to $75 per night during peak season.I'm guessing that cash flow could look something likeMonthly CashflowRoom Rental ($500 per month * 3 rooms ) + Airbnb Room Rental ($50 per day * 20 days [subtracting days for flip days]) - Expenses ($1k) = $1500 + $1000 - $1000 = $1500Net Annual CashflowRoom Rental ($500 per month * 3 rooms *12 months) + Airbnb Room Rental ($50 per day * 180 days per year[6 month per year]) - (8.5% hotel tax + 1 sales tax) - $125 annual regisitration fee for home sharing + Using the Airbnb room as regular room rental for remainder of the year ($500 per month * 6 months) - Expenses ($1k * 12 months) = $18000 + $9000 - $855 - $125 + $3000 - $12k = $17020Start-Up CostsFurnishing common areas and Airbnb room plus purchasing pots, pans, utensils, garbage cans, etc - $5000Acquiring property with traditional financing - $30k or soI will kick the tires with lease optioning as a potential way of bringing down financing costsBreaking Even on Start-Up Costs$5000 to $35k initial start-up costsAssuming $500 per month lease option = ($5000 + 500)/1500 per month profit = 3.66 rounding up to 4 months to break evenTraditional financing = $35k/1500 = 23.33 months rounding up to 24 months or two years to break evenAssumptionsPhilly has a law that you can only rent on Airbnb for 6 months per yearI went with the higher purchase amount $150k but with the lower room rental range and middle Airbnb daily rateI'm assuming that the property will have 4 bedroomsIf my assumptions and numbers work than Philly definitely looks interesting as a vacation rental market.

The landlord was tired of dealing with maintenance and tenants. 

I would like to see a sample of successful letters sent to Divorcees and to Tired LandlordsI am getting lists targeting this market and would like get some feedback on a letter format that has received a great response rate.  

Tires will need to be replaced sooner, and the vehicle value will diminish faster.

Would love to meet up sometime to talk real estate, and about your experiences--assuming that your wife is tired of hearing it. lol.

At this point, showing units and dealing with tire kickers and no shows are my least favorite RE activities, but I am learning as I go and it is getting easier!

A Lecture for New Investors by Nancy NevilleOkay, I understand it.I’ve been there.You’re tired of working for somebody else.You want to be your own boss.You want to make money.Houses are still selling rather cheap, depending on the area, and you think, now is the time to become a Landlord!

McDonalds breaking the tire iron out on someone trying to use an expired coupon. 

I found the stake and tire tracks from the middle of my driveway in the middle of my property to the edge of "her" landscaped area with a bunch of boulders outlining it to prevent me from mowing.

I will re-read this when I am less tired, but I wanted to acknowledge your kindness in sharing your experiences and knowledge.