I would say for a lake front you may even want to keep it close to 70% because of possible holding time.

I can’t keep looking for properties that will cashflow because I feel like I’m wasting my time at this point.

I also figured that when he parents do pass down the road, we could refinance through a bank and pay off the sister her half of the home, while still keeping the house and the rental income.

Yeah, pretty minor so just keep it in reserve when its time to renew.

Keep in mind that once you drop down in population there are issues with finding quality property management and as well as securing quality tenants. 

Do you typically keep profits in the US/USD?

Market rate is $1100 on the same street for the same style, size, and age of house.The tenant has been there for 25 years and has also worked as a handyman for the landlord on various properties, so the current owner has asked me to keep him there for at least the next year before raising rents.Property taxes from 2023 are just north of $2000.Based on this Deal Calculator it should cashflow month 1.My questions:1.

I would recommend calling the city building dept, they are easy to get in touch with and a lot more helpful than other municipalities in the area.

Keep in mind these cities become hot because of past data, not future.

Congratulations - keep us updated and let us know how it goes!