Vacation properties - Jersey

[Dawn Curry]

Hey all! So I occasionally look for preforeclosed, foreclosed, and for sale properties down the (south) Jersey shores. What are the typical expenses when evaluating vacation properties? 1. Mortgage 2. Interest 3. Taxes 4. Insurance - ball park figure? 5. PM - ball park figure? 6. Cleaning - ball park figure? 7. Maintenance - ball park figure? 8. Utilities - ball park figure? Obviously vacancies, turnovers, etc need to be put into the equation as well! Input? Advice? Experience? Thanks all!

[James Masotti]

Originally posted by @Michael P.:

Remember to budget for a tanning bed in the master bedroom

@Dawn Curry mentioned looking for foreclosures...so I imagine the tanning bed in the master bedroom is just a hole in the ceiling over the bed.