When analyzing deals, aim for 15-20% cash-on-cash return, 50-70% occupancy, and at least 2-3x your mortgage in revenue.Good luck!

(Get an owner occupant loan.)Can you seller finance it for more?

We then export this data into an Excel spreadsheet to review metrics such as average occupancy, daily rates, and annual revenue for that specific property type and location.We'll also look at the top-performing properties in the area and analyze the amenities they offer, their location, proximity to attractions/beach etc.

What are their nightly rates, occupancy and amenities?

100% occupancy for a LTR is normal.

I ended up having to hire an attorney, file for a writ of assistance, and have the sheriff serve the writ by showing up and physically removing the occupants.

I always said owner/occupants will always pay more than investors will pay. 

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there. 

There’s not much AirDNA data to go off, so my best guess is it’ll be tied to Savannah seasonality and around ~50-55% occupancy.

Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?