Some of them will user Matterhorn software and charge a LOT, but some use other cheaper software.How much research have you done on your local competition?

The sheer volume of money and investment flowing in all the northern New England states over the past couple years is unheard of and created a highly competitive marketplace of rentals with investment that do not appear to be slowing down, even given the rental rate’s dropping double digits over the past couple years.

I would advise you to look for a house instead of a condo.Condos have many fees, rules and can have expensive assessments for repairs and improvements that you will be forced to pay.Also Condos are a dime a dozen so the competition is fierce which drives the nightly rental rate way down.

Also, I've added about $250 to my monthly costs to cover utilities.Looking on Furnished Finder, I do see plenty of places in my approximate price range, so I thought my target (average of $1100/room) was competitive and reasonable.

In my opinion, this was somewhat expected since it was a fairly heavy value-add investment.

It’s probably a little heavy in RE (according to my Financial Advisor), but annuities, insurance, 401k, gold, ESPP, and have a Day Trading account that is performing at 66% this year are all part of the mix.

I do not have an age requirement for parking lots; the location and surrounding competition are my main concerns

It would be interesting to see markets where heavy regulation exists (i.e.

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

Secondly on a single location policy who is everyone finding to have the most competitive costs?