I use standard market PM rates in my underwriting, but I also would not work for those rates but it is fair compensation for the work.I typically use vacancy of 5% not because I have ever had a unit that had that high vacancy but I do not have a no payment category and I want the underwriting to be conservativeon the opposite, your rate is a bit high and your appreciation rate and rent growth are modest.overall, seems like a decent attempt at an analysis.  

Given your husband's expertise in marketing, you probably have the skills to grow a business. 

If I used the HELOC, the investment needs to generate >9%.I recognize there are many variables not listed here but would love to hear from more experienced investors on more generally how you think about using cash vs. home equity to grow your portfolio in the current environment. 

Best property manager we have ever been with.

Depreciation Recapture is calculated on any property that was ever depreciated, regardless of elapsed time or usage before/after the rental period.

Like "Biggest single family propetry management mistakes ever" etc

I am looking to grow the portfolio to short term rents in Daytona Beach, Florida.  

We look forward to an incredible 2025 and continuing to grow our businesses together.

JP Ruiz: Knows more about 401ks than anyone I’ve ever met…crazy smart, articulate, highly inappropriate sense of humor.

Quote from @Jordan Ryan: Joe Fairless - Best Ever Apartment Syndication Book, A-Z with everything you could possibly think of about starting and running a successful syndication.