But again im not from cali Sadly that is a very real number in California @Alan Asriants.

When you add purchase price, carrying costs for at least 6 months, materials, labor, real estate agents costs and taxes, do you have at least a projected 10% profit?

The real work is locating these properties and I've learned the best way to do this is to work in towns/areas that have online GIS systems that map; topography, wetlands, soils, etc. and assessors data available for download either from local sources or listsource.com.  

Since I am having my prospective tenants cover the cost I would prefer to have the lowest cost option that gives you the most bang for your buck, but at the same time I want to be sure that what I am paying for is reliable.

If you haven't already join the Real Estate Rookie Facebook page.

I’ve been working with real estate investors for many years, and I’d love to hear more about your goals.

I am new to real estate investing and looking to connect with any local investor.

I’m a real estate agent that specializes in distressed properties. great, sent you a connect request  

I've been listening to the real estate rookie podcast and others like it for over a year now.

So feel free to reach out if there is something I can help you with related to your STR business.Alongside my work in revenue management, I have real estate investments in Canada, focusing primarily on long-term rentals.