Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. 

Leverage your construction skills for flips, start with smaller projects to minimize risk, and consider house hacking or long-term rentals for a steady income.

I have all the income and expenses.

It's an amazing market here with so much incoming growth due to population growth, job growth, and companies moving/developing here!

.🔹 Great for Sellers & Investors – Motivated sellers can turn a vacant or hard-to-sell property into income while investors secure future deals without a huge upfront commitment.🔹 Ideal in Any Market – Whether home prices are rising or falling, lease options allow you to lock in today’s price while benefiting from future appreciation.Other creative strategies—like seller financing, subject-to deals, and the BRRRR method—can also open doors, but lease options remain one of the most powerful, low-risk, minimal cash out-of-pocket ways to build a portfolio.

@Karim, I’ve been adding some properties/rental income on my Excel to see which locations would give a descent return.JLT gives good ROI, Marina does not.

I live in a lower-income area, so I figure that the better tenants you will get with a safe house, the ongoing safety the tenants feel, and the lowered risk of a break-in (when occupied or vacant getting ready to lease), and reduced headaches/vacancy/potential damage are worth the marginal up-front cost of having it installed.

Agents on teams will get leads, learn the business and leverage the team for their higher income and future business success. 

For $500K go buy another income producing asset to offset any losses you might have.

You’d get a consistent income which might bring you more income on a year to year basis than renting a room on Airbnb here and there.