Hey @Taylor Cook, I responded to your email this morning. 

I once had someone show up at 830 in the morning knocking on the door asking to be let in.

Earlier this morning I sent a message to my CU's mortgage loan officer asking if they would cover log siding.

This morning I went to wire in funds for my clients to buy a property in SC.And because it was an assignment contract to ME as the buyer..

If you divide the cost over say 3 years (I've been in over 3 years), it's probably close to the cost of monthly subscriptions to CRMs, batch dialers, skip tracing services, etc.It's another tool in your toolbelt that doesn't have a renewal cost!!

You take the money you make (NOI) and divide it by something called the cap rate.

Then add those up and divide by 12 to get a monthly average.For example:Peak Season: $5,000 rent at 80% occupancyOff-Season: $2,500 rent at 50% occupancyShoulder Season: $3,500 rent at 65% occupancyFormula: Monthly Avg Rent = [(Peak Season Rent x Occupancy Rate) + (Off-Season Rent x Occupancy Rate) + (Shoulder Season Rent x Occupancy Rate)] / 12This will give you a realistic estimate to plug into your calculator.If you need further help with financing or running the numbers, let me know!

Good morning,Still a newbie but I've found a four in my area that is "For Sale By Owner" that my initial underwriting, from the info I can find, shows it to be a property that would fit my CoC and CF criteria.

So a typical (around here) 1 year lease's fees would generate {.5X + 11(.1x) = 1.6X}  Divide that by 12 and you get an average of 13.33% of X per month as the LTR property management fee.An typical STR fee would be 25%, but there should be more vacancy.

Run the Numbers: Focus on key metrics: Cash-on-Cash Return: Annual cash flow divided by the total cash invested.