Which is why I pay more, for less cash flow in highly desirable areas.In high income areas, rent is a lower proportion of income so therefore your tenants have a higher capacity for paying higher rent because rent is less than 20% or even 10% of their income.

At the numbers you are talking about and where the market is heading you could pick up some very high quality NNN national credit tenant properties as commercial continues to recover. 

Assume you have cash currently earning 4.6% in high yield savings.

I highly recommend an ACH service.

They were never particularly nice, beach cabins on stilts with rattan furniture that usually had water stains from wet suits.  

Any advice would be highly appreciated.Thanks

We can't find the next opportunity, have little economy of scale, so I'm forced to keep our reserves high.

People focus on the rates because they are a singular number and easy to understand but you can lose money on a rental at a low interest rate and get rich paying a high interest rate.

A "total reno" can mean it's all original and very outdated but livable or it can be an absolute disaster with foundation issues and sewer and water problems.

•Systems: Servicing the HVAC system, replacing the water heater, and updating the electrical panel.The renovation was completed in 13 weeks and totaled approximately $35,600.