Purchase price: $1,000,000 Cash invested: $250,000 Purchased the biggest home in all of Avenue of The Oaks which is in the Melrose Community on Daufuskie Island. 6 bed/6 bath - sleeps 20.I purchased it because the neighborhood (Melrose) is currently under contract by a group called Whitestone, who will be putting 100s of millions into the community.

When I do the math on renting out a property, like in Texas, for a 1 bed and bath and compare it to the median rent for the area, the rental income doesn't cover the entire mortgage, property tax, fees, etc., of the property itself.

I'm a pilgrim now but converted our office basement into a 2 bed unit and lived there for 7 years while scaling the business.How many investors do you work with?

The rent comp from rentcast, Zillow, BP (most are 3-4 beds, none are 5 bed) are much lower than housing standard payment. 

Hello BP team, a new house hacker here.I'm currently under contract for my first-ever primary townhome, which features 3 beds/3 bath.

For example, I have a connection in Dallas, TX who purchased multiple STRs in Miramar Beach, FL and claims to only be breaking even, which I found extremely difficult to believe because I also have a connection who owns a one bed, one bath condo in Destin, FL who made $78K in rental income, including the lodging tax and cleaning fees, and was still able to net approximately $35K in 2023.

Now I am going to invest in a price point of about 60-70k for a decent 3 bed 2 bath in Oklahoma. 

Now I am going to invest in a price point of about 60-70k for a decent 3 bed 2 bath in Oklahoma. 

I get up in the morning and jump out of bed because I love what I do.

So far it's gone well for me. 3 bed 2 bath