Launch REI
In this episode, we break down how one investor walked away from Yiwei’s corporate job and built a thriving short-term and mid-term rental portfolio in Cincinnati that now generates over $10,000 per month. Join the free Launch REI Newsletter at newsletter.launchrei.co [http://newsletter.launchrei.co/] She shares how she started with zero experience, made every mistake possible on her first Airbnb, and eventually grew to owning 10 properties while managing 20 more for other investors. You’ll learn why most people fail with Airbnb, what actually makes a property outperform the market, and how she’s consistently finding deals that cashflow thousands per month, even in today’s market. This Show Sponsored By Easy Street Capital: a trusted private lender for real estate investors offering fast, flexible financing for rental properties and fix-and-flips. Check them out here: https://easystreetcap.com/launchrei/ [https://easystreetcap.com/launchrei/] In this episode, we break down • Why long-term rentals didn’t make sense to her in the beginning • The accidental Airbnb experiment that changed everything • How the Airbnb market shifted from 2019 → 2026 • Why luxury and larger homes are outperforming smaller units • The exact bedroom/bathroom “sweet spot” for profitability • The mistake 90% of Airbnb hosts make when outsourcing • The first 3 hires you should make (and the one you should NEVER outsource) • How to evaluate short-term rental numbers for ROI and cashflow • A creative financing deal that required only $20,000 down on a $675,000 home • Why buying in Class A neighborhoods matters more than getting a “deal” If you’re thinking about short-term rentals, mid-term rentals, or replacing your income with Airbnb, this episode is a blueprint. Time stamps 00:00 Thumbnail questions and intro 03:15 From California to Cincinnati for a corporate job 05:00 Discovering Airbnb by accident 07:30 Leaving corporate to go all-in on short-term rentals 10:00 How the Airbnb market changed after COVID 13:00 Why average Airbnbs are struggling today 18:30 What numbers she looks for before buying a property 22:00 Real cashflow numbers from recent properties 24:00 How many properties you need to replace your income 26:00 The 3 biggest mistakes she made early on 28:00 The correct order to outsource your Airbnb business 30:00 How to outperform the market by 30% 33:00 The ideal property size, layout, and location 35:00 Her best creative financing deal ever 37:00 Renting to professional athletes for mid-term stays Guest Bio Yiwei Cheng is a short-term and mid-term rental investor based in Cincinnati, Ohio. After moving for her dream corporate job, she realized traditional rentals wouldn’t create the income she wanted. She pivoted into Airbnb, built a portfolio of 10 owned properties, manages 20 more for investors, and specializes in helping others purchase and launch profitable short-term rentals in the right neighborhoods with the right design, layout, and systems. Connect with Yiwei Cheng Website: https://www.pinkcashcow.com/ [https://www.pinkcashcow.com/] Instagram: http://instagram.com/yiweicheng1 [http://instagram.com/yiweicheng1] Connect with LAUNCH REI Newsletter: https://newsletter.launchrei.co [https://newsletter.launchrei.co/]Podcast Guest Application: https://launchrei.co/podcast/guest-apply/ [https://launchrei.co/podcast/guest-apply/]Mastermind: https://launchrei.co/mastermind [https://launchrei.co/mastermind]YouTube: youtube.com/@VinceCrane [http://youtube.com/@VinceCrane]Website: https://launchrei.co [https://launchrei.co/] Follow Vince Inst
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