Not really interest rate returns..

Most folks are charging 10% of the rental rate for monthly PM fees. 1 months rent for a leasing fee and couple hundred for a lease renewal.

The net cost to you is roughly $1,193.17.After the turn in 2020, your property was rented within a matter of days at a rate of $1,699. 

Never buy without personally inspecting and approving the property and INDEPENDENTLY, INDEPENDENTLY, INDEPENDENTLY, verifying everything from values to market rates, to approving tenant selection procedures and standards, to repairmen on standby, to everything else in Christendom that you can thing of.I am not a fan of out-of-state investing, especially for those with less than 50 years of experience, and for them, they’re probably too old for the hassle. 

In my opinion, your occupancy rate and min night stay seem in the ballpark for planning purposes at this stage.

With interest rates where they are, that could keep your cash flow strong while allowing you to scale. 

well you have your own answer there are no lenders for entitlements  there are JV partners like me for entitlements but its not at traditional lending rates of course as its all risk capital.WI funded 3 entitlement deals in 2024 in Loudan  county VA to the tune of 7 figures in cash. since my client does not own it its unsecured ..

Are $300/squares for GAF HDZ good rates.

So if the customer needs financing we can provide that , but rates are as high as hard money .Money is the fuel that keeps the machine moving , just like gas keeps my truck rolling . 

Play with numbers and today interest rates to see if it makes sense for you since you’re locked in with a good low rate.