These costs would eat into your profits.The case for sellingEven at $125/month, your cash flow is slim, and any unexpected expenses could turn this property into a liability rather than an asset.

@Jaycee Greene I think if I did a long term rental it would rent between $2k and $2.3K.

That said David Greene just gave a good analogy.

Quote from @Jonathan Greene: Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

I still watch them sometimes since every day, while eating lunch at work, I watch real estate-related videos on YouTube. 

.: Quote from @Jonathan Greene: Quote from @Joe S.: Quote from @Jonathan Greene: The adage about who you surround yourself with is accurate.

@Chris KayCosmetic Updates - If you focus on flooring, paint, fixtures, and a basic kitchen and bath refresh, $50k is doable, especially in markets like Michigan.Full Kitchen and Bathroom Rehabs: Depending on finishes, these can eat up to $20k-$30k alone.

If you are not already working with a realtor that is well versed in STR and knows ALL of the requirements for STR, do yourself a favor and reach out to @Josh Green.

A lot of investors find that expenses like repairs, vacancies, and capital improvements can eat into their margins, especially early on.