Determine your rental model -- sounds like STRs or Airbnb, right?

Purchase price: $400,000 Cash invested: $150,000 Sunset Ridge is a prow style cabin in Lake Arrowhead Ca.

Originally posted by :    @Marco Santarelli  I see this going right back to what got the industry into trouble last go around owners with little or no cash into deals.. especially lower end tough to manage properties.. just because they can get low down they Better Have substantial reserves. this model created a lot of failures from owners ...

I have excellent role-models in my own family of first-generation immigrants who have invested in RE decades ago and now enjoy total financial freedom before retirement.

You can find a market in New York to accommodate pretty much any investment style.

Hey @Christian Styles, yes please!

The second question is what criteria do you use for deciding when it is the right time to expand your model to look at other opportunities that you may not have considered previously? 

A common rule of thumb is to budget around 1-2% of the property's value annually for maintenance.Management Fees: If you plan to hire a property manager or use a property management service, factor in their fees as part of your operating costs.Contingency Fund: Always include a contingency fund in your budget to account for unexpected expenses or fluctuations in operating costs.Financial Modeling Tools: Consider using financial modeling tools or spreadsheets designed for real estate investment analysis.

For the AC, I went with the GE Profile ClearView window AC unit, specifically the 8,300 BTU model which runs off of a standard 110v outlet, and is available on Amazon with Prime shipping.  

They have expertise in selecting furniture, decor, colors, and layouts that complement the property's style and appeal to potential guests.Optimized Space Utilization: Designers can maximize the functionality of your rental property, ensuring that every space is utilized effectively.