Buy, Rehab, Vacation Rent: A Dallas Case Study

The last picture has been hung, lamp placed just so, and beds all neatly made with white linens.  Its time for the Airbnb guests to arrive at my newly rehabbed Dallas triplex.  I wanted to share the journey by the numbers- this is a long post with a lot of math thrown at you, but it will be interesting for investors looking to get into their first small multifamily rehab project. For the most part, I am happy with the way the remodel came out, especially given my constraints of budget and time.  However, I made a few mistakes which I…