It's a fun business but ever evolving and you get your *** kicked from tenants, owners and then sometimes the town inspectors.

I still feel like investing in vacation rentals can be an outstanding investment, but you've got to score a good deal when you buy, and you cannot be counting on a fresh buy for much, if any, positive cash flow unless you scored a crazy good buy.  

Good luck on finding a great rental property; the hunt is part of the fun!  

The first unit has ~75% occupancy but mostly because I take it off for a few weeks in low season to go through everything, fresh paint, etc.  

A fresh channel for each property.

If not, kindly move him out and start fresh with your new building and new rules....

Since you've already just busted this whole thing apart, I'd send her packing and start fresh with a good tenant, get the painting done and get your expectations correct right out of the gate.PS: A 2 year lease is worse for you than the tenant.

Kinda fun tbh.I ended up having 2 people just from talking and lifestlye (pets, kids, jobs), I picked one as they have a more consistent income and did a vetting on credit/background for around $40.Within 3 days, the vacancy was filled.RenovationNo property is perfect.

I’m Yoav Thomas Lawrence, originally from Israel, bringing a fresh perspective from the Israeli real estate scene to the Cincinnati market.While I’ve got some solid experience back home, I’m totally new to the U.S. market.

What percent is fair -- I already have lender relationships, working capital and am a PM in my dayjob, so handling the general project plan is the fun part for me?