Some of us want to keep our houses as our (HOR) home of record, but we get around and may choose to go live in Maui down the street from Brandon Turner for a year to see what island life is about :-) and don't want the house to set empty⦑Appreciate any feedback yall may have on this one.Standing by,Sincerely,

I'm shopping in Long Island NY and it seems impossible to buy using the 1% rule in this market.I've done some more detailed analysis of deals and it seems like 0.8 might be appropriate here; mMy analysis works like this:Run comps for rent and determine market rentCalculate 85% of market rent and I have my "effective rent" (deduct 5% each for vacancy, management, and CapEx)Calculate PITI (principal, interest, taxes, and insurance)If effective rent > PITI; property cash flows?

Second, I'd like to add an outdoor grill island. 

He is from Long Island and I am from the Gulf Coast of Alabama.

By trashed, do you mean it is uninhabitable or does it just need some deferred maintenance such as flooring and a roof?

WPI, Holy Cross, Shrewsbury Street, East Side, West Side, Green Island probably get you higher rents than other sections of the city and you will pay for that. 

Add loss of rents coverage, so if you had a loss at the property and it becomes uninhabitable, you can receive "rent" payments while you are fixing up the property.

The public transportation system in Rhode Island isn't really great compared to New York or Boston - it's just buses, no subway.

So I'm wondering if any fellow Rhode Islanders can give any recommendations on contractors they've used.

We’re in Long Island and the average one family house price is $400-$450k with $12-15k/yr in property taxes.