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Rachel Wagner rented her Vegas spare bedroom on Airbnb after buying a $40 course from Tai Lopez, scaled to 30+ arbitrage leases, then built a property locating agency that vets deals for other operators. She walked away from an 18-month Dallas lease after a $12,000 pipe-burst flood—Proper insurance covered furniture replacement and lost income on all eight units. Rachel breaks down why she now refuses corporate leases without airtight maintenance clauses, never starts a newbie above $3,000/month rent, and always tests management companies on her worst-performing properties first.

The conversation spans landlord red flags (mold painted over, slum-lord excuses), the myth that apartments are easier than single-family homes, and why luxury STRs demand six-figure reserves. Rachel explains her pivot from cleaning her own units in 2019 to handing off 15+ properties to a management company, freeing her to launch Low Casa—a deal-sourcing service that pre-negotiates Airbnb addendums, runs comps, and only sends permit-eligible listings. Stevie and Rachel trade war stories on frozen pipes, eviction notices taped to Airbnb doors, and the one design mistake that tanks reviews: prison-style mattresses and futons.

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