I still feel like investing in vacation rentals can be an outstanding investment, but you've got to score a good deal when you buy, and you cannot be counting on a fresh buy for much, if any, positive cash flow unless you scored a crazy good buy.  

The first unit has ~75% occupancy but mostly because I take it off for a few weeks in low season to go through everything, fresh paint, etc.  

A fresh channel for each property.

I agree with not having a crystal ball, we are looking at current net cash-flow and not baking on appreciation or rent increase (which is likely to happen over the long-term). 

If not, kindly move him out and start fresh with your new building and new rules....

I’m Yoav Thomas Lawrence, originally from Israel, bringing a fresh perspective from the Israeli real estate scene to the Cincinnati market.While I’ve got some solid experience back home, I’m totally new to the U.S. market.

Since you've already just busted this whole thing apart, I'd send her packing and start fresh with a good tenant, get the painting done and get your expectations correct right out of the gate.PS: A 2 year lease is worse for you than the tenant.

A house doesn't go from 70 to 50 in a few hours unless they open their windows to enjoy some fresh air.

Hard to say what rates will be doing then or before (without making wildly inaccurate predictions that will come back to haunt me), so I'd just say to ensure you know what kind of (or if a) prepayment penalty is baked into the loan.

Hey BP Community,I am a fresh face in the world of wholesaling and am very eager to learn the ropes.