Most of return comes from appreciation so even if your market pricey see if can find anything that is neutral cashflow wise.

They do have a review from a returning guest that mentions the quality went down when comparing their first stay to their second stay.

With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.

A week later, the owner returned my call and expressed interest in selling.

While S8 can be appealing for its steady payments, in my experience, the returns often aren’t worth the effort, especially for newer investors.

Even if he is 90% wrong that is still an amazing 1000% return from today.

As an owner-occupier, you can pay more than an investor would, but as I said above, you are going to be a little hamstrung in return rents unless you can get 3 other units and then that is a do you want to live with three tenants that close when you have two kids.Find some local real estate investor meetups in the area and you will meet a lot of house hackers who can tell you their stories.

My wife and I just returned from our honeymoon in the Maldives and Sri Lanka.I’d like to clarify our goals.

If i can invest it and make a significant better return after tax than paying it down I would do that but in this instance you will never be able to achieve returns that match credit card debt.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.