More repair costs because their maintenance team somehow "missed" things during the initial turnover.At this point, I genuinely started wondering what exactly the 15% management fee was for.The Bottom LineLook, I get it—REI Nation is a business, and businesses are here to make a profit.

@Michael Daniel Probably better to post your numbers here and perhaps people can run them on their end and give you suggestions.

Any suggestions?

For those that do not feel comfortable enough with excel to build out a tool on your own, I would suggest starting by taking excel courses focused on dynamic real estate modeling.

I would first suggest getting a real estate lawyer in that area.Is there zoning in that municipality?

Welcome to the wonderful world of real estate!

Hello BP's:We're looking to start building our real estate portfolio, right now analyzing different market to find the right one for us.We were wondering if anybody has experience in Sherman, TX market?

Even new laws restricting short-term rentals seemed only to present new opportunities to savvy investors who knew how to find the gaps.But the last year here, I've started to wonder if Airbnb and short-term rentals as I've known them are dead in Colorado. 

How would you suggest going about finding a deal and managing it out of state.

I would prefer to sell the property vacant or the easiest less stressful way as possible, however I was advised that could deter investors buyers interest as the rental income is a one of my strong selling points.I am open and would appreciate any thoughts and/or suggestions from fellow agents or investors alike.Thanks