Do you know your actual amount of taxable profit on the flip?

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Have you had tenants who seemed qualified on paper but turned out to be financially unreliable?

Is your agent giving you guidance around this? 

An even stronger indicator is that I am getting more and more orders to do BPOs (broker price opinions) for "banks".

These properties require more capital up front, but can really help your overall real estate portfolio.

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.

For instance, Sedona AZ has a limit of 4 unrelated adults living on a residential lot, so PadSplit won't work there.

Hi - BP has been a tremendous help so far, so I thought I would try out this new question.