San Francisco 2 Bedroom - Whats Short Term Potential?

[Tim Hickman]

With the stock market crashing we want to move some more money into real estate.  Now I don't think that SF is a good market to flip homes but we also have interest in have a place to use on Occassion. I've read the rules with SF Short term and only looking at places @$1M that has short term friendly HOAs. We also might consider executive rentals.

Whats the real potential here? Here my first wack at it. I don't mind covering $1,000 a month but $1600 is getting a little rich. Who's done this well and can reach out?

Purchase	1,000,000
Down	200,000
Mortgage	800000
Monthly
Debit	5200
Tax	1000
Ins	800
Maint	500
HOA	600
8100
Short Term Rental
90 days @ 600 + short term	65000
less mgt and fees	52000
Avg Monthly	4333.33333
Cash Flow Monthly	-3766.6667
Cash Flow Yearly	-45200
Depreciation	-21666.667
Loss + Depreciation	-66866.667
Taz Benefit	-25409.333
Cash flow after Tax Benefit	-19790.667	or monthly	-1649.2222