How to differ between a profitable property and a bad buy?

[Erik Montenegro]

How or where would be the best place to learn to recognize if a deal is profitable as a rental, short term rental or a flip? I am currently in CA but I would also like to invest out of state due to the high prices in CA.

[Michael Bogucki]

If you find a property, check for comps on AirBNB and VRBO to see what others are renting for and how much vacancy they have, then you can estimate your gross income. Subtract out the other expenses as mentioned above with the rental calculator. Keep in mind property management will be more expensive for STR if you are hiring a company to do that for you