Many of the guides follow these principles, and the new resident will be required to complete several activities derived from the book.Legal structure will likely mirror that of a “Rent to Own” plan.Create legal contract that establishes the tenant purchasing the property from the GNA at the current market price.

I haven’t closely examined how they derived their number but it was for the cancelled nights.

While you might like this as a tourist, snowbird or retiree, it means that the occupancy and income you derive from your property will be much lower.

Different counties apply different methods to assess taxes, and your county tax assessor will have more detail on how they derive the number used by the local taxing authority. 

@Alexander RoeschmannSince we only have accurate and reliable housing data going back 130 years and stock market data back to 1926, what have you used to derive your "100 year cycle" hypothesis?

Jill - I'd recommend starting by reading our Ultimate Beginner's Guide at http://www.biggerpockets.com/ubg -- there are some links in there to different podcast episodes as well, but it hasn't been updated lately, so the new shows won't be reflected.Frankly, I think you would derive value from every single show, but I'll let someone else leave their opinion on what's best for new investors.....

Just be careful of the companies who want you to write them a check every month for the privilege of being in their office, as the benefits derived may not be worth the price paid.  

Of course, COC return is very important and must also be respected... assuming a positive cash flow, property leveraged at 100% (not advised of course) has an almost infinite return, whereas, if you pay cash for the same property you now have a limited returned, albeit more realistic, return.To value purchase price of property, I compare GRM (much easier to derive) and along with my internally calculated CAP for the property.  

And that answer usually derives itself from the financials.

In some states it could require a license if your sole or majority income was derived from such activities.IMO, institutional notes will yield about 5 to 8, maybe 10 points over the note rate, to hold in portfolio.