This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

Financing, pm, insurance, downpayment, etc.

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

2) Their contractor must be properly licensed and insured and we require copies of all this.

., home office, health insurance).

You can often get better rates with a national lender, but the customer service is non-existent, communication probably sucks, they may ask for the same documents multiple times, etc.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.