I have had people leave me Christmas ornaments and lovely notes in my guest book.

I expect that by years 3-5, rental rates will have gone up enough to break even.

Quote from @Kelly O'Keefe: @Matthew W.Thanks for the break down, it is really helpful.

The idea was to find a property, 4-plex, that would allow me to break even, cover the mortgage, and hold onto it as a long-term investment.However, analyzing the data and really coming to terms with Colorado's market, I’m rethinking my approach.

Tell them they can break the lease (sounds like it is medium term lease) without penalty. 

John, I am transferring over for tax break purposes as I plan to sell this property that has over 250k in equity, can you elaborate on your preferred reasoning behind keeping it on your personal name? 

I see a lot of people singing the praises of the Midwest markets for good returns but just tonight there was a post about one investor who was three years in and waiting to break even.

Speaking of which, I'm gonna be putting together a Women's Speed Networking Meetup on Tuesday during one of the breaks.

If you can't get tax docs, at least get the excel statement which will break everything out (nightly rev, cleaning fee, taxes, host fee, etc).

Hey Cameron,Sorry for the delay,  in math terms 6% is 1.5 times 4%.However, for tax purposes it is not that simple, for your primary residence you get a lot of tax breaks such as not paying for schools, and an exemption of the first x $'s etc.