@Charlie -- don't forget furniture and extra bedding as well as toiletries and paper products (napkins, paper towels, etc).A recent article or two ---http://www.startribune.com/st-paul-considers-regul...http://www.fox9.com/news/117418571-storyMy worry of investing a city that hasn't taken the issue head on (with updated policy) is that, any day, the city council can enforce a rule like -- only being able to rent for 30-60 days a year or the minimum rental is 30 days.  

However, we are held to a higher standard, such as no table napkin deals, and there are additional disclosures and conflicts to avoid which, may or may not be a hindrance as I know plenty who are making it work as "investors with a license".Thanks for posting.

Fannie Mae actually explicitly uses artwork and collectibles as examples of collateral you can borrow against for a down payment, not just real estate, but I've so far not tried to be a smart alec and use a smiley face drawn on a napkin as "artwork" collateral.

The fact that "artwork" is in there has always made me want to try to be a smart alec and have someone draw a smiley face on a napkin... but I haven't worked up the gumption to actually try this.

Account Closed I did some napkin math and it adds up to 900-1000 sqft of siding, and ~2,200 sqft of painting

Personally I would find a few of each deal (even if they have already sold) and just run some napkin math on them.

@Mike Purvis   easy back of napkin analysis just plug in 50%  of rent for operating cost then cost of capital and you will get to net cash flow..

I may do some back-of-the napkin on a few, but I will not be fully analyzing a deal until I get interest.  

You guys could choose to write $5 million dollars on a cocktail napkin and work with that.

50k profit, lets do paper napkin math and say 30k after holding costs and other things that were more expensive than I thought.