Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

I have a small wholesaling business that operates in King, Pierce, and Thurston counties.

Operated as an executive high-end rental for 2 years and cash flowed nicely while rented.

@Jay Hinrichs Thanks Jay, I will probably bounce back into the government (DOD) with my Special Operations network.   

Hi Richard, Do you currently own/operate LTRs?

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

Most operators post on multiple STR OTAshttps://www.biggerpockets.com/airbnb-calculatorGood luck

I operate 14 properties from the same checking account.

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

Currently operating in 10 different markets across the Mid-south and Southeastern regions and would love to connect with you on what your goals are.