I was in defensive mode, not OFFENSIVE make-it-happen-BIG mode. :-)I'm still new, and trying to find partners to help me with up front capital so I can do this, so joined BP for support there.

Hey James, congrats on getting your first deal done.

Hey @James R., we have a 2700sqft 4/3 lake house.We charge $250 to the guests and pay $300 to our cleaner.Now we are out of town by about 36 miles so the cleaner has to drive an hour each way so she charges us more. 

Hey @James R..

Quote from @James Hamling: Quote from @James Wise: Quote from @Jason Xenakis: Hello folks.

Quote from @James Hamling: Quote from @Don Konipol: Quote from @Gregory Schwartz: 6.

As you may know being local, SB249 is the bill that came up as a defense against towns like North Conway trying to shut down STRs, but it ended up in zombie state due to the sheer nature of diametrically opposed views on the matter and Governor Sununu’s push to do better than what the bill ended up proposing.Some details here: https://legiscan.com/NH/bill/SB249/2022As with all areas in New England I encourage investors to start thinking of oversaturated STRs markets as expense offset versus cash flow properties.

When it is a new development, it isn't uncommon to see someone use the date the Certificate of Occupancy was issued - perhaps that marks the "ready", but it still might not be "available".So you can certainly have a property in service in a given year, but not actually have any rental income - but certainly your facts and circumstances are much better if you can actually get a tenant in there, that (should) shore up your defense on that question ever coming up unless you are playing weird games just to get a given in service date for tax purposes.

Best,James Jarjour

Quote from @James Carlson: @Michael BelzWell 20% sounds quite reasonable.