After accounting for purchase price, maintenance, and the sale, the deal produced $125,000 in profit, a 2.47x equity multiple, 9% average cash-on-cash return, and an 18.7% IRR.

At historical occupancy (~60–65%), the deal produces healthy positive cash flow.Occupancy used to average 60–65%, but recently dipped to the low 40s due to management/marketing issues.Strong potential to restore performance through operational improvements.Hostel market demand remains resilient with strong traveler interest.

If that same person comes back to us after not accepting a quote and wants a second quote, we bill a high number up front for producing a quote.You are up against contractors that already have a full pipeline of high value work, and do not need to take on high risk clients, who may or may not be able to pay, and may or may not know what they are doing.  

Here are some numbers to take into account when evaluating a property to see if it will produce positive cash flow. 1.

We'd like to place a tiny home for a STR for the next 6 years and then build a 2/2 once our youngest is out of high school.  

Kidde has acknowledged this as they are not producing a line of alarms that had multiple problems. 

What a great example of turning a dormant asset into a true income-producing property.

There are a lot of tiny decisions to make and it gets exhausting.

From our experience the following criteria have produced the best results for us:1)  Find someone that has enough scale to have a good contractor list.  200+ units seems like a reasonable minimum.2)  Deal with a company that is locally owned, when something big comes up you want to be dealing with the owner.  

They probably would produce a title commitment that lists the requirements for the issuance of the policy.