I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

(I know everyone doesn't have that opportunity.)Another factor is the type of deals you're looking for.

To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court.

I tried using the biggerpockets rental calculator this morning and the cashflow was negative, but I may have been too conservative with the numbers.

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

I do a meetup in Mesa on Saturday morning's which is a good place to come meet even more RE professionals and investors.You have the experience so now you just need the right strategy to grow the portfolio.

@Stuart UdisAll great comments, seems like putting skin in the game will be a reassuring factor for any potential investors.

https://www.youtube.com/c/Morn...