Once you have a firm grasp of each component of the business, you can train others to do those functions or you'll be in a better position to vet good teammates. 

But I think the recent Hurricane will really have detrimental effects on prices, especially in the near short term, creating a buying opportunity, then they'll rebound.

Trying to preserve our monopoly to the detriment of consumers borders on unethical, IMO.That said, I'm a landlord for a living, I'm a Realtor because I love it.

. $5k CF at terms above = $280k3 - Year 30 (28 more years) = $1.66M (remember the CF component is for 5 properties)4 - 5 paid off properties w/appreciation = $5955 - TOTAL = $1.66M + $595k = $2.26M TOTAL

Hopefully this helps, feel free to DM me or reply back on this thread if you have any more follow up questions.Hey i bought my first house in 79 in Milpitas  It was a Shapell new construction on 1143 Arizona Ave right behind the high school.. paid 80k for it.. this massive appreciation is  a  major component of many Bay Area and West coast folks success's I know it is for me.I bought a house in Palo Alto for 185kk and so on and so forth.And there are many cities out in the mid west or East rust belt where homes are selling for less than they sold for in the 80s  west coast gentrifies and values rise.. other areas become over run with rentals and values regress or stagnate.. 

Once you enclose the space and make it habitable you need to add mechanical and electrical components to the space.

Because the underlying housing asset (the leased property) is only one component of an STR hosting business.

This is not necessarily the order I ran this job in, to my detriment.

You need experience and connections for that component.

The other component to this is people continue the "contact the SEC with a tip".