Too much leverage, when something goes wrong (market fluctuation), you're out.

Do these variables depend solely on the purchase price or are they a fixed cost that fluctuate independently of purchase price?

I need to refi my mortgage to remove the ex-husband’s name from the deed….so those numbers will fluctuate a bit. 

In short, you have more options, better profit margins all around, and are insulated to some degree from any short term market fluctuations or unexpected events that may occur.

I have no clue how Guyana's currency fluctuates so I can't help there.

People were using boutique property management companies that charged 40-50% of revenue, and then turning around and charging guests crazy high nightly prices that never fluctuate, so the property normally only had 40-50% occupancy in the winter and less in the summer.We realized this was a dumb and outdated system, put our unit on airbnb and self-managed, actively changed nightly prices based on demand, and made a few other important tweaks to the system.

That could also be a factor.Also for the ARV you should spend some time looking at comps to nail down a more accurate number.That is a key metric that you must know since it can fluctuate the deal drastically.

I know some people are cashing out since the market is hot, however I view real estate as a buy & hold stock- it’s going to fluctuate and go up and down, but as long as I’m getting paid it’s a sound investment.

Also prices can fluctuate depending on how long someone occupies the home (Single nights, weekends, certain time frames), and depending on if some type of event is happening around the area.General Questions:What first steps did you take to make sure you spoke to the right lender to help process any kind of loan?

This means I’d be exposed to the price fluctuations of these commodities and tenants with no incentive to conserve.