You can only use price per sf on nearly identical properties.

I’m assuming you obtained this 6.4 cap rate from reliable sources such as local commercial brokers, bankers, other investors.

A reliable contractor or DIY husband/wife will be an integral part of hosting a desirable and profitable BNB.- Refresh & Reinvest Expounding a little on the topic above, vacation rental ownership is not a set it and forget it.

Only a reliable income matters.Rent range - What the segment is willing and able to pay.Configuration - Two bedrooms, three-car garage, large back yard, single-story, two stories?

Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

Out of state can be difficult if you don’t have a reliable team in place.

But thankfully you setup a LLC with a holding company to "hide your identity" in case you marry a Kardashian or becoming a secret agent and do not want that person that bought that XBOX to come find you or realize that you own a 2012 honda accord with 120,000 miles that they may try and take?

I build this rep for myself not because I am good at it, but because I help people understand how it works.Do the same, and you too shall become the expert in your space.Now you have a credible website, and you have polished social media accounts.Look into facebook ads, PPC, tiktok youtube, and SEOThere is where you start and this is the ONLY way to do it reliably with predictable success without having to resort to strategies with less than a 0.1% success rate.The result?

Well, how reliable would movie visitors be?

You'll need reliable local contacts, such as property managers, contractors, and real estate agents.Regulatory and Legal Differences: Each state and municipality has its own set of real estate laws and regulations.