Run numbers and if they work do it!

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

@John Underwood hit the nail on the head.

How to run the numbers, LTR, MTR and then STR..

Be that person who set's up some STR's there, runs em there, and really caters it to the US "bucket list" tourist. 

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

Hello everyone,
My name is Themis Kosmidis and I have recently moved to the Cleveland area. I have over a decade of experience in strategy consulting and in real estate underwriting for new acquisitions and ground up...

We quietly now have a $600K median home price and are rapidly running out of developable land. 

There are a lot of good posts on here so I would take some time and read the forum so you can hit the ground running.

I haven't sold yet, I've been analyzing property to get a head start on the 45-day timeline of identifying the potential replacement property (and because I enjoy analyzing property).