Rhode Island man with a fiancee, toddler and 3 Airbnbs wants a 4th property. Why Dave Ramsey says that's ‘dangerous’

Core Insights - The article discusses James, who is considering purchasing a fourth Airbnb property while managing three existing ones and a full-time job in hospitality sales. His current Airbnbs are generating significant revenue, but there are concerns regarding the risks associated with acquiring additional properties. Group 1: Financial Performance - James' Airbnbs are projected to gross over $100,000 in 2024 with a profit margin of 62% [2] - Expected revenue from the properties for 2025 is $125,000, indicating a lucrative side business [3] Group 2: Risks of Purchasing Additional Property - Investing in real estate with an unmarried partner poses risks due to potential relationship instability [4] - Taking on significant debt for investment properties is discouraged, especially in the current economic climate [5] - Relying on a third-party platform like Airbnb for income is risky, as many municipalities are imposing restrictions or bans on short-term rentals [6] - The additional workload of managing another Airbnb may be overwhelming for James, who is already balancing a full-time job and parenting responsibilities [7]