I'm allocating about 30 to 35k for this work so I'm sure anyone would take it whomever is willing to work.

It depends on how much time you have to allocate towards investing.

Once you account for kitchen supplies and a never-ending list of small things around the house, you can easily allocate $2,000 to the overall supplies category.Appliances - if you’re lucky, your property already comes with everything included.

If not, you can allocate a portion of your utilities to the other unit based on the square footage of each unit.

@Andrew LentzI'm not sure what your experience is in Corporate America, but you might want to allocate some of your mental bandwidth for adjusting to this brave new world you are about to enter.

I would allocate this money the following way, but not invest all of the money at once.

He uses mortgage ETFs “sparingly,” mostly in tax-advantaged accounts, and recommends that investors don’t exceed a 3% to 5% allocation to the sector.

For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.

It’s typically a good idea to allocate 3-5% of the total construction cost as a contingency.

You should allocate part of the purchase cost to land, and I just randomly took 20% to land.