Three Months ago, low to mid 6's were available.Rates are going to continually fluctuate but if you have a way to earn 10+% on your capital, the TIME you are not using it is going to cost you way more than the extra .5% per year will.You are walking over dollars to save pennies if you are waiting for the perfect rate, half of the people who held out on getting mid 6's were waiting for high 5's.

But I kept doing what I have always done did not quit but thought things would change.As for 2023 and 2024 those were by far the best years of my career..

This means that every year, your IRR (Internal Rate of Return) will increase.4) In an appreciation heavy market like San Diego, the IRR is going to be the best way to calculate your earnings as cash flow is fairly low relative to initial costs (down-payment, closing costs, carry costs while placing tenants)5) To calculate your IRR, you want to use this formula: (Appreciation + loan pay down +/- Net rents)/ down- payment.you can include the Closing Costs, and carry costs, but I usually do not.

The average turnkey rental make about $300/month.From what you said, using real estate as a side vehicle with your good salary and earnings is a good start, as well as investing in core things like index funds.

Hey @Michael Dirks that is exciting to see you starting up your real estate career.

And I'm not saying this to earn your business just as if it was a residential property.

Maybe 20% is too rich and it's cheaper but I've never shopped property managers.Estimating an additional 10% for vacancies and 15% repairs.Fixed expenses + PM + 25% for vacancies/repairs = $37,996, or $404 left over.Now I'm torn because I could put estimated proceeds ($200K or so) in a fixed income investment and earn that today without doing anything.BUT, it is nice to have the US address as I go international, and if I wanted to come back I'd have a property.

Save your hard earned cash for down payments and repairs.    

I find it a great way to earn additional compensation as long as its a deal I like with conservative leverage and strong operators I trust. 

. $130k your earnings are the long run are far different.