This in a neighborhood that is slowly appreciating, some renovated homes mixed in with older homes, but is street by street:Purchase price: $130,00001% rule: meets about 0.88% Down payment 20% and closing costs: $29,493Rate: 6.99% conventional 30 yearMonthly payment PITI: $1009 (was $859 until property taxes increased recently) Current rent $1200 (increased from $1150)Property management fee 10%: $120 (was $115) Net cash flow (if no repairs called in): $71 (was $176)Net rental income most months: $170 (first month rent), $935, $922, $1035 (full month rent minus PM fee) $567, $760, $307, $963, $1035 (full month ), $535, $925, $1035 (full month but now property taxes increased), $585.

The weekly rentals were $8,000 (June) & $8,500 (July-August) As the summer season rental is approaching us, we are faced with a tough decision.

Do you have a sports team you follow with season tickets? 

You failed to rent it in October before the holiday season. 

The majority of people that are still in Italy, are the older population who are mostly on pension.

A lot of newer investors hear older podcasts when people where buying brrrrs, making money on the cash out refi and then cash flow.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

And you suffer during the off season right?

Money you put in and then when we hit 59 years or older, money that you end up withdrawing. 

However, there aren't any comps of new construction in the area beyond land sales on brand new neighborhoods, and existing sales of older 4 / 2.5s are in the high 200s.