Also, factor in local regulations, HOA rules, and seasonality, as STR markets fluctuate.

My name is Max Nelson, I am a Bay Area based Investor with a single Family home in Santa Cruz, CA that is a Short Term/Mid Term Rental and a Duplex in Bend, Oregon.

If you want to know more about tenant pools and their importance, please contact me.Only Renovate to Your Target Tenant PoolAssuming that you have identified your tenant pool, you need to transform their critical and desired housing characteristics into a physical property description, as illustrated below.Create your property description based on your target tenant pool segment.

Both flat and percentage base charge usually a 1 month fee to lease out the unit. 

If you die while holding the property, it gets a stepped up value and all the gain is tax free.If rental the taxes can be deferred via a 1031 and if you die while holding it, it gets the stepped up bases with gain forgiven.Hopefully the numbers provide some example of possibilities. 

You would pay $950k for that property because it’s a deal based on today’s value?

Hi Ryan,Typically construction financing isn't based on your taxable income and rather more contingent on your experience, FICO and the deal itself.

Higher rates, rising labor/material costs, and increased competition in LA mean I need to be even more selective with deals and ensure my profit margins are conservatively projected to withstand potential fluctuations.2.

It is imperative to have a cash reserve for unforeseen circumstances, such as unanticipated maintenance or fluctuations in the market.

Quote from @Vince Scipione: Yes, they are a popular choice where I live and work, however with the ever fluctuating cost of oil heat, many people have swapped over their boilers/furnaces to what is called a "Propane Gun" essentially it is a device that is affixed to the front of the furnace/boiler that injects the propane and ignites it.