My wife and I always wanted a place in Florida (currently live in Michigan), and were considering using a ball park $50k HELOC on our home to purchase (use HELOC as down payment) a condo down there.

Your Cleaners must are your "eyes and ears" and must be on the ball/have attention to detail or you will have angry guests/bad reviews.

So you have a cottage industry marketing for those OOS suckers I mean investors.Brrrrr is another ball game all together. 

I just want to start my first rental for the year to get the ball rolling, hopefully next year I can buy 2 and so on.

OK lets say a property is operating at a 5 % cap what could Air BnB ball park rent for?

I do have a real deal under contract 15% ROI but keep running across wholesalers or people think I know what I'm doing trying to low ball me.

Call an eviction attorney now and get the ball rolling.

But, I don't have a crystal ball so the best I can do is assume some level of inflation of cap rate every year.You will never be 100% right on everything...you can't.

@Rob Bianco If you get offered a great return in Montreal it is another ball game.

I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex.It's actually in really good shape, so no real demo.