The deals always come in right on the money with no variation so I know they’re not doing the job.

Market price to acquire said residence follows a math output from; demand vs supply (this pushes price variations up or down from the "basis"), and Cost To Acquire. 

You have a general idea of what you are looking for but those are 3 vastly different markets with variations in pricing and inventory.

And there are only a handful of these available at each month's auction.In the <$50k market, you see a lot more properties and a lot more variation.  

Thanks for connecting :) I like NC just bc I understand it, and there is soo much variation in what you can get into (farm land, city condos/str, beach, mountains, etc).

20% Factoring in property management we see breakeven at about 25-30% down depending on the deal.Appreciation has been 4-10% annually with variations of course.  

But pref is really best as an option of last resort because the current pay makes the problems worse, and pushing back the LPs to a subordinate position isn’t ideal.There are a multitude of variations on these examples that shift the decision.

@Tanner MartilloI would go with a variation of option 2 but with a high LTV but only if your relationship with the partner is very solid (like for life solid).At high LTV, retail (MLS), rent ready purchases in San Diego will have negative initial cash flow.  

After doing this, I then run the property through Airdna.co and/or Mashvisor.com Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc.

Fixed expenses are simpleInsuranceTaxesThere will be slight variations in those, but more or less they remain consistent.