Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

That is one of the main reasons that I’m so skeptical. 

ARV is a very important factor here. 600 FICO is minimum. 

Since the payment was deposited into your account on 1/6/2025, it would typically be considered income for 2025, even though the tenant paid it on 12/31/2024.However, if you use cash-basis accounting (which most landlords do), the key factor is when you physically receive the money, not when it was sent or owed.

Those are some factors that will determine your returns.

I understand some of the economic factors that can lead one to a particular city or province (or state), but unsure of some of the key elements as you funnel down below that level.Appreciate any insight.Tyler 

I will still sign up for it as it seems to be one of the main sites dedicated to traveling professionals.

I'm not in that market so I can't speak specifically to it, but to me the deciding factor would be what the surrounding units and area has. 

One of the biggest factors in successful flips is building a strong team: contractors, agents, lenders, and property managers. 

Do the calculations factor in default rates?