To be conservative, I assumed rents will be on the lower end of the spectrum.

But you can leverage a bit more conservative to get the cashflow to where you want it.Multifamily is a good strategy, but not the only/best.

Here's what I'm accounting for currently:Mortgage (P&I)InsuranceTaxesElectricWaterTrashInternetVRBO/Airbnb feesGeneral/RepairsCleaning (though these will be passed through)If i'm super conservative on my monthly rate, I will need to rent the unit 10 nights/month to break even, if I am more realistic with the rate (according to my realtor who runs two STRs), i'll need to rent it 7-8 nights/month to do so.

Rabbu: Rabbu is a free tool to analyze STRs, but provides a significantly more conservative look than realized data, and tends to be less accurate than AirDNA.

Most people here are more conservative investors and would advise you just sell, but if you're set that the price will continue to rise, just sell a few days before closing.

I am barely looking at them because with my underwriting (that some would consider conservative), even properties below retail bleed cash.  

Most properties are landscaped with water conservation in mind and therefore you don't have the expenses or hassle of maintaining large lawns, high water bills, large tree maintenance, etc.

This is being very conservative with all the numbers, if anyone is interested in specifics I can provide in a pm.Super excited, as now I have a target AND a plan for my goal.lets ****ing go.

@Bliss HuNew real estate investors should start local with a conservative approach, focusing on areas near train stations and amenities.

For all yo know there could be a conservation easement on the whole 200 acres and you could do nothing with it?