And then send completed inspection paperwork to the city.I was wondering how much do you pay for your annual fire alarm inspection? 

Loosing 1 month of rent (never mind paying commission to get a new renter) would lower your annual return to 5% and 2% if you have to pay a commission to re-lease it. 

We have w2s and pay stubs to show that we earn cumulatively 150k annually for the past 4 years. 

IMO you would want to do at least 5 annually to make it worth your while. 

I have a home in Anaheim ca. near Disneyland, and ive been hearing about I can possible make100,000 annually with airbnb Is this true ?

  $30K in gross annual rents before taxes, insurance, maintenance and vacancy allowance on a $600K asset is probably going to net you less than 2% annual return. 

It is a value created according to a government formula intended to reflect the true annual cost of borrowing, expressed as a percentage.

We figure we'll at least get close and we added a clause in the lease stating rent increases will happen annually with increased utility bills.

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

@Mo FarrajThat's exactly why I like mobile home investing and cash flow with notes created from them .Where It cost less than $30k for all in cost ( for most of them) and your annual ROI is a minimum of 30%