It sucks that people in your circle don't understand or can appreciate what a life-changing decision you made by buying an income producing property! 

The properties I had were not producing enough cash flow and I decided to make that my focus for a bit. 

However, my client is one that does one heck of a job in his market and is a one of my top producers so I look at this from that angle he needs the US income so he can build his resort or resorts on those islands. he has a play on the Islands I can't really go into on open forum but it seems pretty unique but nothing like I said I have an interest in personally at our age. maybe if we were still 30 YO and immortal I would have  a different perspective on it all. 

You'd have to run the numbers, but generally adding a 2nd story doesn't produce the kind of rent needed to justify construction cost + loss of income for the 12 months when its shut down.

If you guys cannot seem to make sense holding a property that produces little to no cash flow, try doing some flips! 

Most real estate vendors are not busy right now unless they're experienced top producers.

Cap rate, is a fundamental formula in real estate investing, particularly for evaluating income-producing properties like multifamily units.

No, you do not get to choose whichever tax schedule produces the best result.

You can achieve returns on that cash if you put in into income producing real estate.

It calculates 110k-120k per year, so the average is 10-11k (it includes different rates and different occupancy) thought-out the year.I think 2023 revenue is down because 2021-2022 are not normal years, and were producing more STR revenue.#2, #3 great insights into the average group and demographics, thanks!