I don't think this is a math problem anymore.

The answer is in the math of the discounted cash flow analysis.

Thinking of keeping it local for my first investment but to your point I may be waiting on the sidelines for sometime before the math starts to look attractive for Buy and Hold out here.

I did find an agent, he just got in the business and was happy to show me all of those over-priced listings to sell me -  I had no clue how to buy them - with simple math I determined that I would have a big negative cash flow - that is if I was able to buy.So I gave up on those suggestions of Building my team!  

Here's the math (conservative numbers):Rents:$180/night * 365(.75) = ~$50k/yearMortgage/Ins/HOA = $21.6k/yearYour cash on cash for year 1 is a whooping 43%. 

It is a simple math exercise. 

I had a real estate broker license for about 30 years but I never did that full time.Always remember to do the math analysis on your prospects and try to look at them before you make an offer or at least have a clause in the sales contract that allows you the time (usually about 15 days) to make a detailed inspection of the subject property and possibly back out of the deal without a penalty that will excessively hurt you.There is so much to say to you but I am bound to forget something.  

Always remember to do a math analysis on a prospective property and try to look at it before you make an offer or at least have a clause in the sales contract that will allow you some time (about 15 days) to make a detailed inspection on the subject property without a penalty that will hurt y'all.I am 59 years old and I found BP about a year ago and I have not decided what to do.  

Always remember to do the math analysis on the prospective property and try to look at the subject property before you make an offer or at least have a clause that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that hurts you.Right after you close get an insurance policy that will protect you if there is a loss.  

But lets do some quick math and assume that Zillow is correct10 units @ $695 gives you $6,950/month.