*Note* In NJ I will qualify for grants up to 22k to contribute at closing- In PA it would be closer to 10k (Money leaves my pocket at closing)I’m open to all ideas and advice as I’m going to get started this year, sooner rather than later.

There is a new bill being proposed hopefully eliminating Pmi if that gets passed that would be a game changer .

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

I'm brand new to Bigger Pockets and just recently moved to Los Angeles County.

As for the 5 year annualized, that’s a number we get from the bigger pockets rental analyzer.

HI @Jonathan WorrellWelcome to Bigger Pockets.

There are neighborhoods such as Olivia Beach that allow STR usages outright as well as pockets with specific Commercial Tourist Zoning that are not subject to a waitlist.The other major change to a top STR destination was in Rockaway Beach Oregon.

Welcome to Bigger Pockets Marc!

After 12 years in the furnished rental game, I'd say that is a pretty good sample size. 

If you can rent it for enough to cover the principal, interest, taxes and insurance and still put money in your pocket, plus cash flow on the property you're purchasing, that would be ideal.