Think luxury vacation rentals in high-demand areas like San Diego.4.

Kudos to you for utilizing and actually finding deals on FB.

This property is gonna cash flow over $1000 a month after we're all said and done with utilities mortgage and more.

Is there a possibility of getting utilities to the place?

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

Everyone has budgets and you are not in the luxury bracket where I would worry about young partiers etc.

Did you have taxable income that could’ve been reduced utilizing tax strategies?

HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.