Appreciation is never part of the cash on cash calculation.FWIW, I would talk to a CPA before turning an appreciated home into a rental. 

looking forward to being part of this community.Max ConnellyHey @Max Edward Connelly, welcome to the BP Forum! 

Heck, maybe I’ll give the property manager (me) a 100% raise and an all expenses paid vacation 6 times a year.

You can pre-screen them for free, then run the credit/criminal background only for those that pass your initial review so you're not wasting time.

Many times the tenants are income based and pay 20-40% wherein only 60-80% may be guaranteed.Aside from the rent percentage issue is pride of ownership.

I've consistently written about the forces of nature and her current and future effects on the real estate market (even while often being ridiculed and politicized on this very site for it) regardless: I personally moved and invested in coastal Oregon in 2018 from Venice Beach Los Angeles partly as a result of the trajectory of climate and have assisted several clients that specifically purchased on the Oregon Coast for their own 'climate havens,' investment and future retirement homes. 

One of the trickiest parts of flipping houses, at least for me, has been figuring out how to accurately estimate rehab costs.

Airbnb.org, the nonprofit arm of airbnb.com, offers hosts options to assist with emergency housing in times of crisis, such as the 2025 Los Angeles wildfires.

Take it one step at a time, and you’ll get there.

You must be accredited at time of investment.