I've been doing this way longer than you have and I can guarantee that my first assessment is exactly what is happening.

If you're the type of investor to leave lucrative vacation rental investment to luck, then this post is not for you..It is intended for those that are looking for a fool proof strategy and tips to finding, assessing and buying an STR in the mid to near term. 1.

As an investor focused buyer's broker I spend the majority of my time helping buyer(s) assess properties both before and after their offer is accepted. 

When calculating cap, and other deal analysis criteria, none of them talks about how to assess the property in terms of its appreciation based on structural quality such as brick exterior versus vinyl.

The agent you spoke to should be ashamed of themselves for not asking you any questions and at least attempting to do a proper risk assessment.3.

To say Oregon coastal housing inventory is limited would be an accurate assessment. 

There's a HOA you mentioned - so there will be HOA fees and every 5-10 years there will be a "special assessment" (this is equivalent to capital expenditures on a LTR type house). 

Hi everyone,
Long time lurker here. I'm interested in getting started with turnkey and/or brrrr for long term hold. I have 125k cash and own some land outright worth ~100k. However, my challenge is a lot of student l...

NV and AZ have low property tax rates compared to my 2.72% and 2.78% Indy property tax rates, which also saw a 17% increase the last assessment.

Since you got an appraisal done about a year ago you can add about 10% to that value they provided to get an idea of where fair market value stands today as a ballpark.No appraiser I know is going to look at the HOA financials and factor that in, because they are only concerned with the asset for appraisal although we all know the health of the HOA and financials still play a factor in the sale of a condo.I'm dealing with a similar HOA right now for one of my listings where the reserve is at only 7% funded for what's needed for the budget and there is an upcoming special assessment for each unit.