Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

12
Posts
1
Votes
Mike Mcgregor
  • New Paltz, NY
1
Votes |
12
Posts

Multiple 1bd 1bath units. Quality tenants possible?

Mike Mcgregor
  • New Paltz, NY
Posted

Hello,

I am considering a 5 unit in VT half a mile from a big ski hill. It consists of one 2bd/1bath, three 1/1 and a studio. The studio is currently occupied by someone who property manages for a reduced rent. I am interested in using the larger unit personally and as a AirBNB. The numbers still work favorably (8% cap rate including 5% vacancy and CapEx) even with no short term rental income (which should be considerable). My worry is about the quality of tenant 1bd/1bath apartments will attract. This would be my first out of state unit so don't want to deal with terrible tenants from 3 hours away. Does anyone have any thoughts on this? I appreciate it.

Best,

Mike

Loading replies...