Variables that might change that number would be size of house, number of beds, extra duties you want the team to do (like fetch supplies) and perhaps the drive to a remote area. 

While the $400k isn't nothing, I view the roughly $3k per month in cash flow as stronger ($4k - $1k expenses). 

NC usually provides better cash flow and Phoenix is characterized for stronger appreciation than NC.

This is an appraisal supplemental form that would need to be supplied with the appraisal in the transaction. 

.🏠 Mortgage Rates:January 2025: 30-Year FRM: 6.93%, 15-Year FRM: 6.14%January 2024: 30-Year FRM: 6.62%, 15-Year FRM: 5.89%Summary: The increase in new listings indicates a rise in supply year-over-year.

Do you let the tenant supply and pay for their own internet or is it recommended to offer internet and charge the tenant a flat fee?

You would need to submit a material list to a local supply house, usually they require you to open an account and they ask for a TIN for a line of credit.

@Jayme B.One thing to keep in mind is the shifting supply and demand trends for STRs.

Hello @Chris Atkins,To achieve and maintain financial independence, only invest in cities that meet the following requirements.Significant and Sustained Population Growth: Rental rates follow the basic principle of supply and demand.

It's stronger in court if they do it, nothing personal.