You have the mortgage, taxes, insurance, maintenance, capital expenditures (roof, flooring, etc.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

I recently bought my first rental property, it is just a little manufactured home down in Yuma Arizona.

It's a shame, the home is a great home to live in with potential. ( Side note, the seller only wants land value.

Hey @Eric Andersen, so there are a lot of regs in the DFW area.https://www.fortworthtexas.gov/short-term-rentalsRentals are not allowed in residential districts: A-#, AR, B, R1, R2, CR, C, D, UR.Dallas recently banned STRs in single family homes but there was an injunction that blocked it.

Possibly do not even yet own their primary home?

Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.

We just flipped 3 homes and flipping 2 more now.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

That's a significant discount --- I wonder if they are seeing a decrease in homes posted.

We have rentals, home, auto and umbrella with them.