@Christina Papazian when you say the Net is about 40% of your gross, is that after a property management fee?

When I visited the house it smelled badly of pot.

If $6,000 is net I would assume her gross is probably close to qualifying, and if there is any child support she very likely is well qualified.

I can only speak to the Smokies STR market, but yes $1000 net is doable. 

People think of LA as a melting pot...well, tbh, it kind of is but when it comes to SFR locations, it isn't AT ALL.

Scrape plates and pots, and don't put grease down the sink.

I just bought my first self-storage and the net is going to be so much higher than it would be if I had spent the same capital on a house or even a four-plex.Start with your end goal, then figure out what it will take to get there and start chipping away.

The police once checked my mom out to see if she had a pot grow going on because she came up on a list of excessive utility users between the pool for the water and her violet plants. 

Other "damage" that we've had to use funds from this account to pay for were small things like a new coffee pot (when the lid was melted in the dishwasher), a new set of sheets that were damaged by a wet bathing suit bleeding red dye, and a new twin mattress when a special needs child accidentally wet the bed.As for security deposits on AirbnbI learned recently that if you use OwnerRez PMS software you can charge an Airbnb guest a security deposit.

I've seen others write that they look for (and get) 1%+/m NET ie. 12%+/y. ie.