Quote from @Benjamin Sanders: Hi all,My wife and I made a last-minute offer on a rental property in New Albany that is in a flood plain.

Thanks, Bernice One approach is to break it down by looking at similar vacant retail spaces nearby and comparing price per square foot while factoring in potential rental income once occupied.

I am very familiar with the strict zoning laws for Hawaii short term rentals but most Waikiki apartments are either too expensive or leasehold only properties. 

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.

I’m eager to grow my rental portfolio and take this entrepreneurial journey to the next level!

Quote from @Jinxiang Xu: New to being a landlord, and already forked out $20k for foundation repair on this rental house.

What do you consider a good ROI % on a long-term rental? 

I bought a condo in Norman Oklahoma 3 years ago and due to the rental market, I have struggled to get another.

We fully renovated both units, improving the property’s value and rental potential.

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.