If so they may have a real estate license or they may work with an agent that relies on repeat business rather than a one-off purchase. 

I rented out 2 bedrooms 1 bath for $1,300/mn, as it is a 3 bedroom but blocked it off to be able to do the bathroom addition.

Debt reductionLots of people only consider the first option. " I am not putting any money in to my pocket month over month."

How do you find off market deals?

We weren't super happy with anything we were seeing on the market, so my husband and I had just started writing letters and looking off-market... until we saw this property.It'd been sitting on the market for months.

And that is the ultimate in being self employed and its cool when folks can pull that off..

•If there’s high competition (many active rentals in the area), you won’t be able to price at the top of the market since tenants will have plenty of options.3.

I didn't see a location option for Ventura, County, CA, I hope that's not bad news. 

Gives you more options.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

If Airbnb is your best option, choose a location with high occupancy rates and optimize pricing with dynamic tools like PriceLabs.