How James Makes $7,000/Month from 3 Airbnb Properties While Working Full-Time (2026 Case Study)
Preston Seo
James Saunders earns $7,000 per month from 3 Airbnb arbitrage properties while working full-time as a consultant. Starting at just 24 years old with zero real estate experience, James joined Legacy Investing Show and secured his first property within 57 days. Today, his short-term rental portfolio generates consistent monthly cash flow with only 5-6 hours of management per week—all without owning a single property.
This case study breaks down exactly how James built his Airbnb arbitrage business in just 5 months, including his goal-setting system that beat the standard 90-day timeline by over a month, the cold calling strategy that converts landlords with complete honesty, and the remote management system that lets him run properties 18-20 hours away without ever visiting.
In this article:
Quick Results: James' Airbnb Arbitrage Numbers
| Metric | Value | Context |
|---|---|---|
| Monthly Cash Flow | $7,000 | Combined profit from 3 properties |
| Properties | 3 | Multiple markets, different states |
| Average Profit/Property | $2,200-$2,500 | After rent, utilities, cleaning |
| Time to First Property | 57 days | Beat 90-day goal by 33 days |
| Setup Cost (Largest Property) | <$10,000 | 2,900 sq ft with hot tub |
| Weekly Management Time | 5-6 hours | While working full-time consulting |
| Landlord Calls to First Yes | 20-30 | Then 3-4 calls per property after |
| End of Year Goal | 10 properties | 8 additional this year |
James' Background: From Accounting Graduate to Airbnb Entrepreneur
You don't need years of real estate experience or a large nest egg to start an Airbnb arbitrage business. James Saunders is proof: he graduated college just two years before starting his portfolio, worked full-time as a consultant, and had zero rental property experience. Within 5 months, he built a three-property portfolio generating $7,000 per month in profit.
James' entrepreneurial drive came from watching his parents run their own business. Growing up in Asia, he was often cared for by his grandparents during the day while his parents worked. Despite the long hours, he noticed something important: when it mattered, his parents had the flexibility to be there.
"They weren't always there—they were pretty busy a lot. But at the same time, that kind of showed me that you could have that flexibility if you had something you want to attend, like a kid's event or something."
That flexibility became even more critical when James had his first child. Suddenly, the traditional career path—working 40 years for someone else, retiring at 65—felt inadequate. He wanted to be present for his family while building generational wealth.
Like many entrepreneur parents, James' mother and father initially advised the safe route: stay in school, find a good job, build stability. They knew firsthand how difficult entrepreneurship could be. But when James explained his Airbnb arbitrage plans—the low startup costs, the scalability, the potential for passive income—they became his biggest supporters.
Why Airbnb Arbitrage Over Other Business Models?
James evaluated multiple business opportunities—dropshipping, Amazon FBA, traditional real estate investing—before landing on Airbnb arbitrage. The model's advantages were clear:
Low startup capital: Unlike buying property (20% down payment), arbitrage requires only first month's rent, security deposit, and furnishing
Flexibility to scale: Start with one property, add more as cash flow grows
No long-term ownership risk: If a market changes, exit the lease rather than being stuck with a mortgage
Leverage existing assets: Use landlords' properties to generate income
He discovered Legacy Investing Show through an Instagram video, signed up for the free training, and immediately saw the path forward.
Key Takeaway: James didn't wait for perfect conditions. At 24, with a demanding consulting job and a new baby, he decided the right time to start was now.
The 57-Day Journey: From Zero to Live Property
The Power of Written, Aggressive Goals
Legacy Investing Show's training mentions that students typically launch their first property within 90 days. When James heard that benchmark, his immediate thought was: I can do better.
He set a personal goal of 60 days.
This wasn't wishful thinking—it was strategic pressure. James understood his own psychology: without a specific deadline written down, he'd drift into endless research and preparation. The number on his calendar demanded action.
"I'm a more goal-driven person, so when I write it down like 'this is exactly what I'm going to do,' I tend to do it instead of just thinking about it."
Daily Execution Strategy
James broke his 60-day goal into daily and weekly actions:
Daily minimum: 5 landlord calls
Weekly minimum: 20 landlord calls
CRM tracking: Every conversation documented
Batch processing: Research markets first, then call back-to-back
The batching approach was critical for efficiency. Instead of the fragmented workflow of research-call-research-call, James would identify an entire market's opportunities first. He'd add all potential properties to his CRM spreadsheet, note the details, then make calls consecutively.
This method prevented three common mistakes:
The Result: 57 Days
James went live with his first property in 57 days—beating his aggressive 60-day goal by 3 days and crushing the standard 90-day timeline by over a month.
But the real acceleration came after that first success. Once James proved to himself it was possible, properties two and three came much faster:
Property 2: Signed almost back-to-back with the first
Property 3: Found, signed, and launched within 30 days (January)
"Once you know it's possible, once you get comfortable with the whole process, it just makes it so much easier."
Complete Timeline Breakdown
| Milestone | Time from Start | Key Activity |
|---|---|---|
| Joined program | Day 0 | Completed course training |
| LLC setup complete | Week 2-3 | Legal structure established |
| Market analysis complete | ~Week 3 | Identified target markets |
| First landlord calls | Week 3-4 | Started cold calling campaign |
| First property signed | ~Week 7 | Lease agreement executed |
| First property live | Day 57 | First booking received |
| Second property signed | Week 9 | Rapid follow-up success |
| Third property launched | January (30 days) | Complete cycle in one month |
How to Choose a Market for Airbnb Arbitrage: James' Strategy
The best markets for Airbnb arbitrage are often near major cities but just outside their regulatory boundaries. James discovered this through trial and error during his market research phase, turning what initially felt like analysis paralysis into a systematic approach.
The Challenge: Analysis Paralysis
James initially struggled with market selection. The United States is massive—where do you even start? He found himself stuck in research mode, analyzing market after market without making progress.
"It actually took me a couple weeks to really nail down and decide that okay, I want to move forward with this market."
The Breakthrough: City-Adjacent Strategy
The key insight came when James noticed a pattern: cities with the best short-term rental demand often had the strictest regulations. Downtown areas might require owner-occupancy, special permits, or outright bans on Airbnb arbitrage.
But properties just outside city limits? Different story entirely.
James' Market Selection Criteria:
Using AirDNA for Market Research
James used AirDNA to analyze potential markets, focusing on:
Occupancy rates: Higher than 50% indicates strong demand
Average daily rates: Must be high enough to cover rent plus profit margin
Revenue trends: Growing or stable markets preferred over declining ones
Competitive density: How many similar listings exist
Pro Tip from James: Don't just look at the numbers—check regulations immediately. Many markets look great on paper but are legally impossible for arbitrage. Save yourself time by researching local short-term rental laws before falling in love with the revenue potential.
Why Regulations Matter
James encountered multiple promising markets that ultimately didn't work:
Cities requiring owner-occupancy (you must live in the property)
Areas with permit caps (limited number of STR licenses available)
Neighborhoods with HOA restrictions (associations prohibiting rentals under 30 days)
The city-adjacent strategy sidesteps these issues. Properties 20-30 minutes from downtown often fall under county jurisdiction with more relaxed rules, while still capturing demand from people visiting the nearby city.
Airbnb Arbitrage Strategies That Actually Work: James' Playbook
The difference between struggling and succeeding with Airbnb arbitrage often comes down to three things: honest communication, systematic tracking, and building trust before asking for anything. James' approach to landlord conversations breaks conventional sales wisdom—and gets better results.
Strategy 1: The Honest Pitch Method
What it is: Telling landlords the complete truth about your experience level, business model, and intentions from the first conversation.
Why it works: Most people expect salespeople to exaggerate. When James admitted he had zero experience, landlords were disarmed. They reasoned: if he's honest about his weaknesses, he'll be honest about problems too.
Here's James' exact script when landlords asked about his experience:
"To be frank with you, this will be my first property. I've never done it, but I'm in a mastermind group and I feel perfectly comfortable. I have people to help me out, and I promise I'll always pay on time."
James' Results with This Strategy:
Most landlords responded positively to his honesty
Built immediate trust that accelerated negotiations
Created relationships where landlords gave market insights even when declining
Strategy 2: The CRM Tracking System
What it is: Documenting every landlord interaction in a spreadsheet to prevent duplicate calls, track follow-ups, and record market intelligence.
Why it works: Without tracking, you'll call the same landlord twice (annoying them), forget to follow up on maybes, and lose valuable insights from conversations.
James' CRM Includes:
Property address and landlord contact information
Date and outcome of each conversation
Specific notes (e.g., "4 beds but listed as 3—extra revenue potential")
Landlord personality assessment (flexible, strict, friendly)
Follow-up reminders and next steps
General "gut feeling" rating about the opportunity
"I don't want to get in this position where I'm calling the same person twice because sometimes they get mad the second time."
Strategy 3: The Zoom Call Close
What it is: Requesting a video call with interested landlords to build face-to-face rapport before signing.
Why it works: Phone conversations keep you abstract. Video calls make you real. Landlords are more likely to trust someone they've "met" than a voice on the phone.
James' Experience: One landlord went silent for a week after their first call. James assumed the opportunity was dead. A week later, the landlord called back interested. James immediately suggested a Zoom meeting.
"I kind of like to talk to people face to face even if they're not directly in front of me. So I was like 'hey let's set up a Zoom call... so I can see what you look like, you see me, we can have that transparent conversation.'"
James' Airbnb Arbitrage Results: The Complete Financial Breakdown
James generates $6,000-$7,000 per month in net profit from 3 properties, with projections of $3,500+ per property during peak summer season. Here's the complete financial picture of his Airbnb arbitrage business.
Before vs. After Airbnb Arbitrage
| Metric | Before LIS | After 5 Months |
|---|---|---|
| Monthly Passive Income | $0 | $6,000-$7,000 |
| Properties Managed | 0 | 3 |
| Weekly Hours on Side Business | 0 | 5-6 hours |
| Real Estate Experience | None | Active investor |
| Path to Financial Freedom | Unclear | Clear, scalable |
Property 2 Financial Breakdown (February 2024)
This is James' 4-bed, 2-bath cabin property on 5 acres:
| Category | Amount | Notes |
|---|---|---|
| Gross Revenue | $6,500+ | Airbnb + Vrbo bookings |
| Rent | $4,000 | Utilities included |
| Cleaning | ~$200 | Paid monthly (variable) |
| Net Profit | ~$2,300 | February (slower month) |
| Projected Summer Net | $3,500+ | Peak season expectations |
Important Context: February is not peak season. James projects this property alone will generate $3,500+ monthly profit during summer, making his entire portfolio potentially $10,000+ per month during high season.
Complete Portfolio Performance
| Property | Type | Status | Monthly Net (Est.) |
|---|---|---|---|
| Property 1 | First deal | Mature | $2,000-$2,500 |
| Property 2 | 4BR cabin, 5 acres | Mature | $2,300-$3,500 |
| Property 3 | Newest | Ramping | Break-even to profitable |
| Total | 3 properties | - | $6,000-$7,000 |
Key Milestones Achieved
57 days: First property live (beat 90-day standard)
~90 days: Second property operational
5 months: Three-property portfolio generating $7,000/month
Year-end target: 10 total properties (8 additional)
Strategy evolution: Exploring property acquisition alongside arbitrage
Year-End Goals
| Goal | Target | Strategy |
|---|---|---|
| New Properties | 8 additional | 2 per quarter |
| Total Properties | 10 | Mix of arbitrage + owned |
| Monthly Income | $20,000+ | Based on $2,000+ per unit average |
James is also exploring purchasing properties outright. With arbitrage cash flow providing stability, he can now consider ownership for additional benefits: tax advantages, equity building, and more control over amenities (no landlord restrictions on permanent modifications).
Remote Property Management: Running Properties 18-20 Hours Away
One of James' properties is located 18-20 hours by car from his home—a completely different state—and he's never physically visited it. Yet it operates smoothly, with guests booking and checking in without James ever being onsite.
The Challenge: Different State, No Local Presence
Remote management initially scared James. Without being physically present, how do you ensure quality? How do you handle emergencies? How do you trust people you've never met in person?
The answer: build systems that make your physical presence unnecessary.
Finding the Team: Cleaners First, Referrals After
The secret to remote management is finding one great person who can connect you to everyone else. For James, that person was his cleaner.
Step 1: Find cleaners through Thumbtack
James posted his job on Thumbtack and tracked who responded fastest. Quick responders tend to be more reliable overall—they're organized, motivated, and communicative.
Step 2: Interview for communication style
James was explicit about his remote situation: "This is going to be a long-term relationship. I won't be there in person at all. I rely heavily on you updating me." Setting expectations upfront filtered out people who couldn't meet his communication needs.
Step 3: Get referrals for everything else
Once James had a reliable cleaner, he asked: "Who do you know that's good? Who's your handyman? Who handles repairs?" Cleaners who work with multiple Airbnb properties know the local network intimately.
"Rockstars know rockstars... when they refer people to you, they're putting their reputation on the line. They're not going to refer somebody that's going to overcharge you or that's just slow."
The Communication Test
James discovered a powerful vetting technique: response speed predicts reliability.
When he reaches out to potential team members, whoever responds quickest automatically goes to the top of his list. This isn't because fast responders are desperate (a common misconception)—it's because fast responders are motivated, organized, and communicative.
Lazy, unreliable people take days or weeks to respond. They won't suddenly become responsive once you hire them.
Remote Setup: Furnishing Without Visiting
For the cabin property, James' team set everything up without him visiting:
The property came partially furnished (a significant cost saver), and James' wife handled design decisions remotely. The result: under $10,000 in setup costs for a 2,900 square foot property with a hot tub.
Airbnb Arbitrage Lessons: What James Learned Building to $7K/Month
These five lessons took James from zero experience to $7,000/month in 5 months. Each one came from real experience—and could save you months of trial and error.
Lesson 1: Set Aggressive, Written Goals
The Mistake: Vague intentions like "I want to start an Airbnb business someday"
What James Did: Wrote down "60 days to first property" and broke it into daily actions (5 calls minimum). The specific deadline created urgency that vague goals never could.
Why This Matters: Goals create accountability. Without a deadline, "someday" never comes. James beat even his aggressive target because the number on his calendar demanded consistent action.
"If I didn't set those goals, I would have kind of just maybe like a lot of people, they come join, they get excited with the whole thing, but once they join they're like 'oh there's more work than I thought' and the motivation dies down."
Lesson 2: Don't Mistake Education for Action
The Mistake: Consuming endless content—videos, courses, podcasts—without implementing
What James Did: Learned the basics, then started calling landlords before feeling "ready." He learned more from real conversations than from any training module.
Why This Matters: You learn more from one real rejection than ten hours of video content. Action reveals what you actually need to know next.
"You can learn all you want... you're never going to learn enough. But once you really jump into it, that's when everything happens."
Lesson 3: Be Completely Honest with Landlords
The Mistake: Fabricating experience or credentials to seem more qualified
What James Did: Admitted upfront he was a first-time operator, explained his support system, and promised reliable payment. Landlords appreciated the honesty.
Why This Matters: Honesty builds immediate trust. Landlords aren't just evaluating your experience—they're evaluating your character. Someone honest about weaknesses will be honest about problems.
Lesson 4: Find Cleaners First, Build Team Through Referrals
The Mistake: Trying to build an entire team from scratch, vetting each person separately
What James Did: Found one reliable cleaner, then asked for referrals to handymen, contractors, and other service providers. One good hire unlocked an entire network.
Why This Matters: Good people know good people. Referrals come with built-in accountability—the referrer's reputation is on the line, so they only recommend quality.
Lesson 5: The Four-Minute Mile Effect
The Mindset Shift: Once you prove something is possible, replicating it becomes dramatically easier.
James' first property took 57 days and 20-30 landlord calls. His second property came almost immediately—the confidence and skills transferred. His third took just 30 days from search to launch.
Why This Matters: Your first deal is always the hardest. Every deal after benefits from proven scripts, established confidence, and demonstrated success.
"Before no one thought it was possible, once someone did it everyone started doing it... once you know it's possible, once you get comfortable with the whole process, it just makes it so much easier."
Best Tools for Airbnb Arbitrage: James' Tech Stack
James manages 3 properties on 5-6 hours per week using strategic automation. Here's the complete tech stack that powers his $7,000/month business.
Essential Tools Overview
| Category | Tool | Purpose | Why James Chose It |
|---|---|---|---|
| Dynamic Pricing | Price Labs | Automatic rate adjustments | Set-it-and-forget-it optimization |
| Property Management | Guesty | Centralized messaging & automation | Handles multi-platform bookings |
| Team Finding | Thumbtack | Local service providers | Fast response-based vetting |
| CRM | Course template | Landlord tracking | Simple but comprehensive |
| Market Research | AirDNA | Market analysis | Occupancy and revenue data |
Price Labs: Set-It-and-Forget-It Pricing
What it does: Automatically adjusts nightly rates based on demand, local events, seasonality, and competitor pricing.
How James uses it: After initial configuration (minimum stay requirements, base rates, percentage adjustments), Price Labs runs autonomously. James checks in periodically to tweak settings but doesn't manually adjust prices.
"Once you kind of get it set up... it's really just going in there every once in a while to kind of optimize it. If I were to come out and just put my estimation of price on there, I'm sure I'm not going to get as many bookings."
Pro tip: Let the algorithm work for at least a few weeks before overriding its suggestions. The data-driven approach usually outperforms gut instinct.
Guesty: Automation Central
What it does: Centralizes all bookings, automates guest messaging, syncs calendars, and coordinates with cleaning teams.
How James uses it: Guesty handles everything from instant booking responses to checkout instructions. James rarely touches routine guest communication—it's all templated and automated.
Key features James relies on:
Automatic messages at booking, pre-check-in, check-in, and checkout
Calendar sync across Airbnb and Vrbo (prevents double bookings)
Cleaner notifications when turnovers are needed
Consolidated inbox for all platforms
Pro tip: Invest time upfront creating comprehensive message templates. The more scenarios you automate, the less you'll need to manually intervene.
The CRM: Simple Landlord Tracking
What it does: Tracks every landlord interaction, property opportunity, and follow-up need.
How James uses it: Before calling any market, James populates the CRM with all potential properties. During calls, he notes responses, personality assessments, and next steps. After calls, he schedules follow-ups.
Pro tip: Note your "gut feeling" about each opportunity. When reviewing later, intuition combined with data helps prioritize which leads to pursue.
James' Advice for Airbnb Arbitrage Beginners
"Just jump into it. You're not going to lose anything. Just go for it."
If James were starting over today, here's exactly what he would do:
Step 1: Getting Started (Week 1-2)
Complete the training program quickly—don't let it stretch into months. Set a deadline for when you'll make your first landlord call, regardless of how "ready" you feel. Perfect preparation is a myth; learning happens through action.
First actions to take TODAY:
Set a specific date for your first property (write it down)
Break that deadline into weekly milestones
Identify 3-5 potential markets to research
Set up a simple CRM spreadsheet
Step 2: Finding Properties (Week 3-6)
Research markets in batches, then call in batches. Don't alternate between research and calls—it fragments your focus and reduces momentum. Expect 20-30 calls before your first yes. After that, conversions improve dramatically.
Key activities:
Use AirDNA to verify market potential
Check regulations before falling in love with numbers
Track every call in your CRM
Be completely honest with landlords
Step 3: Setting Up Your First Property (Week 7-10)
Find your cleaner first—they'll connect you to everyone else you need. Order furniture online and have it delivered directly to the property. Your local team can receive and assemble everything.
Setup priorities:
Cleaner hired and expectations set
Furniture ordered and assembled
Professional photos taken
Listing optimized and live
Step 4: Building Systems (Month 3+)
Once your first property is running smoothly, adding the second becomes much easier. Your scripts are proven, your confidence is high, and your systems are established. Target 2 properties per quarter for sustainable growth.
Mindset Advice from James
The biggest barrier isn't knowledge or capital—it's inaction. People join programs, get excited, then let the excitement fade without ever making a call. The difference between James' 57-day launch and someone who never starts? Written goals and daily action.
"The consistency is like every day I need to do these small things to make sure I'm successful."
Watch James' Full Interview
Video highlights:
0:00 - Introduction: $7K/month from 3 properties
4:30 - Why Airbnb arbitrage over other business models
8:45 - Cold calling strategy and the honest pitch
14:20 - Remote property management 18-20 hours away
20:30 - Design and furnishing on a budget
25:00 - Financial results and year-end goals
28:00 - Advice for beginners starting today
Frequently Asked Questions
How much can you make with Airbnb arbitrage while working full-time?
James generates $7,000/month in profit from 3 properties while working as a full-time consultant. He spends only 5-6 hours per week on management using automation tools. The key is building systems that don't require your constant presence—Price Labs handles pricing, Guesty handles guest communication, and local teams handle physical tasks.
How long does it take to get your first Airbnb arbitrage property?
James secured his first property and went live within 57 days of starting. He set an aggressive goal of 60 days and broke it into daily actions (5 calls minimum per day). Most Legacy Investing Show students get their first property in 30-90 days depending on their market selection and dedication level. The timeline depends more on consistent action than perfect preparation.
How many landlords do you need to call before getting a yes?
James called 20-30 landlords before getting his first yes. After that initial success, his second and third properties came from just 3-4 calls each. The improvement comes from confidence, refined pitch, and proven track record. Most conversations are polite even when landlords decline—cold calling isn't as scary as people imagine.
Can you manage Airbnb properties remotely in another state?
Yes. One of James' properties is 18-20 hours away by car in a completely different state. He manages it entirely remotely through his cleaning team, handyman network, and automation software. He'd never visited the property in person before it started generating income. The keys are vetting local team members for communication reliability and setting clear expectations upfront.
How much does it cost to start an Airbnb arbitrage business?
James furnished a 4-bed, 2-bath property (2,900 sq ft with a hot tub) for under $10,000. Typical startup costs include: security deposit (often 1-2 months rent), first month rent, furnishing ($5,000-$15,000 depending on size), and supplies. Partially furnished properties can significantly reduce costs—James' property came with quality furniture from the previous owner.
Do you need real estate experience to start Airbnb arbitrage?
No. James came from an accounting/consulting background with zero real estate experience. He was honest with landlords about being a first-time operator and emphasized his training, systems, and commitment to on-time payments. Experience matters less than character, reliability, and willingness to learn. Many landlords appreciate working with someone who communicates well over someone with a long resume.
What's the best way to approach landlords with no experience?
Be completely honest. James told landlords: "This will be my first property. I've never done it, but I'm in a mastermind group and feel perfectly comfortable. I have people to help me out and I promise I'll always pay on time." Counter-intuitively, this honesty built immediate trust. Landlords reasoned that someone honest about weaknesses would be honest about problems too.
How do you find reliable cleaners for remote Airbnb properties?
James finds cleaners through Thumbtack, vets them based on response speed (fast responders tend to be more reliable), and then asks for referrals to build his full team. The cleaner becomes your gateway to the entire local network—handymen, contractors, and other service providers. Good people know good people, and referrals come with built-in accountability since the referrer's reputation is on the line.
Start Your Airbnb Arbitrage Journey
Ready to build a $7,000/month Airbnb business while keeping your day job?
James proved that age, experience, and location don't determine success—action does. At 24, with an accounting background and a consulting job, he built a three-property portfolio in just 5 months. His properties are in different states, some 18-20 hours away, yet he manages everything on 5-6 hours per week.
The difference between James and people who never start? Written goals and daily action.
Learn more about Legacy Investing Show
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About Legacy Investing Show
Legacy Investing Show is Preston Seo's comprehensive Airbnb arbitrage training program. Since its founding, the program has:
Trained 2,000+ students across the United States
Generated $10M+ in cumulative student revenue
Helped students launch properties in 30-90 days
Built a community of active investors sharing wins and learnings
Preston Seo has personally built a $15 million real estate portfolio generating over $400,000 per year in net profit from short-term rentals. He created Legacy Investing Show to teach the exact systems that scaled his business.
Learn more about the program | Watch free training
This case study is based on James Saunders' video interview conducted in March 2024. All statistics and quotes are directly from James' experience. Individual results vary based on market, effort, and capital invested.
Last updated: January 29, 2026
Preston Seo
Real estate investor and financial educator helping people build generational wealth through smart investing strategies. Founder of Legacy Investing Show with 2,000+ students trained.
Frequently Asked Questions
James generates $7,000/month in profit from 3 Airbnb arbitrage properties while working as a full-time consultant. He spends only 5-6 hours per week on management using automation tools like Guesty and Price Labs.
James secured his first property and went live within 57 days of starting. Most Legacy Investing Show students get their first property in 30-90 days depending on their market and dedication level.
James called 20-30 landlords before getting his first yes. After gaining confidence, he secured his second and third properties with only 3-4 calls each.
Yes. One of James' properties is 18-20 hours away by car in a completely different state. He manages it entirely remotely through his cleaning team, handyman referrals, and automation software.
James furnished a 4-bed, 2-bath property (2,900 sq ft with hot tub) for under $10,000. Costs include security deposit, first month rent, furnishing, and supplies.
No. James came from an accounting/consulting background with zero real estate experience. He learned through Legacy Investing Show's training and was honest with landlords about being a first-time operator.
Be completely honest. James told landlords: "This will be my first property. I've never done it, but I'm in a mastermind group and feel comfortable. I promise I'll always pay on time." Landlords appreciated the honesty.
James finds cleaners through Thumbtack, vets them for communication speed (fast responders are more reliable), then asks for referrals to build his full team including handymen and contractors.