This works out well in instances where a very small home underutilizing a very large lot. 

But the 50% op ex ratio will be close enough for first pass. 

Trying to get a split level (not a lot of sqft) on the market in the next three weeks and trying to decide on whether to open the wall between the dining and living room for a feel of openness or leave it as I have heard from two interior designers that the open concept is on the way out as we are more at home and liking our separate areas in the home.Pragmatically speaking the opening of the wall will be mostly a time drain with it being a load bearing wall and having to support the ceiling while rebuilding and all the drywalling necessary.

Machias Savings Bank as well.

There will always be people with money who want a second home in Colorado who are fine as long as their mortgage is covered.

Quote from @Ryan Moyer: Quote from @Nick Velez: Hey Anthony,I have a few STR's in Gainesville and have lived here for about 7 years now and know several people with STR's as well.

Even those with long track records are strugggling to raise $ as well as break even on deals 

I attend many of them myself.I'd be happy to connect.  

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.

It does make me feel more comfortable as I know the are well as a Real Estate Agent.