Brand New - Lots of Questions.

[Michael Blair]

My wife and I are diving into the idea of vacation rentals for the long term. Basically, acquiring a good number to be there for retirement. We are fortunate enough to not "need" income from these properties right now but do need them to pay for themselves. 

Our questions so far:

1. How to find properties that will create an income with a mortgage. (We have been told by a couple lenders the property would need to earn 115% of the mortgage to qualify?)

(So far we have found Propersum but when applying a mortgage it quickly turns everything into the red.) 

2. Are the majority here managing themselves or through a company? What product or products would you recommend for one to learn how to do it?

3. After acquiring your first VR, what method did you use to acquire additional properties? 

4. Is there any one place, person or product you would recommend investing in to learn if you were just starting out?

[Nathan Gesner]

115% would be a loser. You are ideally looking for something that generates >200% of the mortgage. Here's a guide that describes what good cash flow looks like and how to analyze a property.

https://www.biggerpockets.com/...