I think people who've been doing this a long time look for 12-15%.I would suggest paying close attention to the inspection, especially with the big ticket items that Brandon talks about in that webinar I mentioned in the last post.

After speaking with a broker in Virgin, UT, I learned that capitalizing on that  Zion national park tourist vacation rental market can be (relatively) pricey and challenging.My investor and I are looking for something close to nature or smack-dab in nature; but, still close enough to modern amenities to resolve any issues should they arise (emergencies/food etc).I learned that if you are in the mountains, you will more than likely not have year round access, no water/rights, 2 hours away from amenities and no management willing to make the drive to check on 1 cabin, needless to say it was a little discouraging to hear. 

Meaning how would i find the tax fees , round off the bills and all the holding fees so ill be able to put it in a report for my cash buyer since also i'll be flipping houses in my spare time so if anybody can answer this ANSWER SOON AS POSSIABLE PLEASE.

Flexibility is the winning ticket with smaller lenders.

We're hoping that we can manage to get tenants to turn over in the summer, where we can spend a couple of weeks down in DC combining a little vacation in the place with fixing things up and finding a new tenant).Of course I made some mistakes already, too, but I think I'll get away with them this time...So after getting my feet wet, I've been reading about REI, and we do have cash / equity (our primary home is just about paid off) to stuff with, so now I'm considering to get into it in a non-accidental way, and it seems more prudent to look at our local area (NH seacost), but it turns out I have little idea about the purchase/rental market here, and it doesn't seem all that easy to find out (in NoVA, at least, there's a very active market, while here prices seem to fluctuate wildly for no obvious (to me) reason.

@Rohan J.I think your forum question was featured in the most recent BP podcast for the fire round.

@Evan Thomas, realistically, I could probably get away with doing what you describe, but these are my friends who I'm living with, so many of the operating expenses are shared, which is great.

Risks elevate the further you get away from a whole loan in first position and lower than median RE value as collateral.  

They are going to live free as long as you let them get away with it.

The town has a whole year round schedule of events for people to participate in.