To calculate "Net Return" as NOI/DP is IMO mixing apples and oranges.

I listened to a BP episode awhile back now that I CANNOT find now due to apple's horrible interface. 

The barn caught fire, we had no plumbing for three months, the list goes on and on.

The barn caught fire, we had no plumbing for three months, the list goes on and on.

The tax situation is entirely different, and it is therefore an apples-to-oranges comparison.  

We are analyzing a purchase near Vista and our partner on this effort looked up the following:1. https://www.airbnb.com/rooms/14292365: Small studio rental in same area; historic converted carriage / barn = $100/night with 14 nights booked so far in May = $1400 for month2. https://www.airbnb.com/rooms/9351161: 2bd/1ba guesthouse same area; non-historic and bland = ~$95/night with 24 nights booked so far in May = $2280 for month3. https://www.airbnb.com/rooms/17674810: 1bd/1ba same area; non-historic but well designed = ~$90/night with 19 nights booked so far in June = $1710 for monthYou probably would want to do more similar analysis on Vista before proceeding with the STR route. 

I use Everlance which is like Mileage IQ and available in the Apple store. 

Apple just made a $38B tax payment in order to repatriate their cash held overseas.

I passed the Charles Barnes online program but I flunked my state exam with flying colors. :( I’ve been searching for PSI practice exams and heard about Exam Smart.

At least not if you have a good agent - and yes, I'm quite sure that like any profession, there are bad apples out there.I tell all of my buyers that I view my job as talking them OUT of every property we see.