The house, built in the early 1900s, was outdated and required major renovations.

Spreadsheets/Templates:If you don’t want to start from scratch, sites like BiggerPockets and others have pre-built templates you can use to run your numbers and track your expenses.

It is a relatively small town, and there are only a couple of PM's...otherwise I probably would've made a change long ago.  

Fair enough, I have partial ownership of a commercial (apartment) building in the Bay Area and I would estimate it as a Class A- to maybe Class B - great location, great tenants, nice amenities (not high end like gym, new pool, community room with big screen TVs, etc), high rents, but building is older (built in 1950s).One investor I saw post that they look at where Starbucks and Costcos are opening and possibly factor that into looking at different markets.

that's insane we just built a house in columbus ohio in 3 months. 24 months is crazy 

Amortize your major repairs (roof, hvac, built in appliances) and add an estimate for small maintenance.This feels not terrible to me.

They're being built in places like Sylmar, Panorama City, and Sun Valley.

But if you are ever in town on the last Friday of the month, reach out.

It is a large, old Victorian in a small, rural town.

@Thomas Polise has multiple STRs there, including one that is a four-plex in the middle of town.