2024 was a banner year for our investor clients with eight prime Oregon Coast vacation rentals sold.

This is not the norm right now, but I do believe over the next several years, we will see more sellers accepting this asset due to its potential and hedge against the deflating dollar. 

The calculation uses the following formula: Total Rent Potential x 75% ≥ PITI (plus HOA if any). 

@Arun Maheshwari we work with clients to find turnkey rentals in Houston, DFW, and San Antonio in TX, but also have 8 other markets we're in across the Midwest/midsouth.

Of course, not everybody is that good at or has the time to do Google searches or know how easy it is to use ChatGPT so it might still make sense for you to provide such a guide to your (potential) clients.If you don't want to spend time reinventing the wheel, you have other easy options:a.

Waiting until the 1-year period ends avoids potential loan issues and simplifies things.

I have a client that bought a condo to rent after living there and the HOA ended up outlawing rentals.

This post does not create a CPA-Client relationship.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

My firend once had a client who did a high end remodel in a somewhat modest neighborhood.