Goes back to that original thesis in a thread long time ago-- quality over quantity.

Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

Sure, mortgage insurance eats into your cash flow a little bit if you're putting less than 20% down but in the scheme of things it's really not that much.Also, you won't have 20% equity in your property in a year assuming you put 10% down unless you are forcing appreciation or you somehow get some high market appreciation.

high cash flowing short term rental How did you find this deal and how did you negotiate it?

It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy. 

The risk of property damage or a lawsuit from a dog bite is too high. 

If you do something that is too high end or bold compared to what is available in the neighborhood, the exit could be very difficult 

This is a fine needle to thread because at this size, you very quickly start competing with high net worth individuals who are seeking summer homes. 

I need help analyzing this property.Address:2542 Glenn Terrace, Mount Penn, PA 19606Asking Price: $209,000Taxes: $5087 (they are really high in my county)Renovations: $10K-$15KMortgage: ConventionalCredit Rating: 712 median1.

The payments and interest are high.