Since you mentioned retirement its always good to be prepared for the "What if factor" meaning "If" something should happen or come along unexpected.

So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed into service in 2021 which broke down the bonus depreciable items into 3 buckets, a 15 year bucket, a 7 year bucket, a 5 year bucket and the rest would be on a 39 year straight line depreciation schedule as it is a short term rental.

North Conway has multiple ski resorts within 30 min, the Outlets, and some of the best hiking in the state. 

Camarillo is interesting because not only do you have the outlets, but you also have CSU Channel Islands and you are a less expensive alternative to areas like Thousand Oaks. 

To make a really long story short, I have just completed a Short-Sale of a single-family home a business partner and I built in Horseshoe Bay, Texas, right outside of Austin, Texas.Our Operating Agreement states that we are to split 50%/50% of all expenses within the business and treat any unexpected monies due as loans and paid back equally amongst the partners.

A common rule of thumb is to budget around 1-2% of the property's value annually for maintenance.Management Fees: If you plan to hire a property manager or use a property management service, factor in their fees as part of your operating costs.Contingency Fund: Always include a contingency fund in your budget to account for unexpected expenses or fluctuations in operating costs.Financial Modeling Tools: Consider using financial modeling tools or spreadsheets designed for real estate investment analysis.

My personal opinion is to not put anything down and instead save for closing costs and unexpected but expected repairs.

I flew in unexpectedly to confirm and subsequently fired him. 

The cost of this ~two-hour mentorship was the price of a nice sushi meal (which the unexpected mentor offered to split.)

An outlet wasn’t working that the previous tenant did not inform us about, that is valid and has been fixed.