Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail! 

I might have a partnership opportunity for you in San Diego but still gotta figure out some details. 

@Jeremy TaggartThank you some much Jeremy for the detailed answer!

Would this be a good comp: https://www.realtor.com/realestateandhomes-detail/1313-Osweg...?

I recommend homing in on what MOST vacationers are looking for in a specific market and try to find properties that have natural features/amenities that are scarce.  

I believe the competitors are more expensive with unnecessary features.

Either through the sync calendar feature of the listing sites and or a channel manager. let booking.com collect the payment.

The virtual agency, The Real Estate CPA, was featured on Bigger Pockets and has their own podcast but I have not found any reviews for them. 

You'd need a detailed rehab estimate to confirm if the numbers work for a $360K property with an all-in cost of $420K.