This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Everyone wants to provide for their family, not just you.One day if you earn more money, you will have extra to help others in need.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Think about all the extra time trouble and cost it takes to turn an ordinary house into a vacation rental...just my two cents though...

You definitely would want to read through the county laws again.If you don't want the extra load up front, best to wait until you get the license.

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

I think if you have a little extra time, operating a smaller STR business can pick up some good income.

A pool can be a big liability, but can also be a bonus for the right tenant that is willing to pay extra for that amenity.

At some point that market becomes saturated, pushing revenues down and the extra juice won't be worth the squeeze.