Plus the FMR and Section 8 payment is way more than my carrying costs, spec since I buy multi families, so Its not like its decimating my monthly gross by taking care of some place.

Now, it's paid off fully, worth about $65k, I self-managed it from the west coast and it's brought in over $40k in gross rents cash flowing about $800/month.

To be clear, I will keep working but want to be self employeed in the home services business.Looking forward to see what I can learn from this community.Thank you.

Currently I’m operating it as a STR, but I need a new cleaner and the quotes I’m getting are in some cases double my nightly rate, and the amount it grosses is only slightly more than what it will do as a LTR.

I work for General Dynamics Electric Boat which has decades long contracts with the US government and the turnover rate is relatively high in the company so my thoughts are if I could choose a place that is within commute distance there and within the price range of the average employee that maybe that could be a great idea but I want to know if people think that is too much of an assumption and risk to make?

I had 20 employees. by 2011 I had 2 and we disbanded what I am proud of though is no lender took a short sale from me..

The goal isn’t to just make the most gross income, but to maximize the net - this is where a good accountant can do wonders.

@John S.You won’t know for sure until you send them out, so you just have to factor it in—consider how many gross inbound calls you’ll get and how many of those will be relevant to you.Then, calculate the cost of the data plus the cost of the mailers.

Purchase price, make ready cost and expected annual gross revenue?

You have an advantage due to your experience, however low price point markets while often have better gross margins, the net margins can be lower or even negative.