I am based in Sacramento, California looking to start and pursue a career in real estate!

More storage equals happier tenants, and happier tenants equal bigger profits.

Hey @Keenan Patton,This deal looks solid with a projected $60K profit, $435K ARV, and a $13K assignment fee in Northern California.

What about Not-for-profit HOA's.Anyone heard of this?

Just much more profitable bookings as I set my price higher. booking.com brings people at a much higher price more than Airbnb brings people at a lower price.Originally posted by @Brendan Curley:@Ken Latchers  what did booking.com do to prove you owned the home and how are they processing credit card payments for you? 

The combination that this niche offers first-class care to those that need it most and the potential for it to become profitable for many years to come definitely has me interested in learning more about opportunities investing in RAL.We are renting in our current assignment, but we will PCS in about a year and a half.

I do this at least quarterly for some of my clients and they like being able to see the profit and loss reports. 

Flipping on a land lease with high HOA fees = challenges that could impact profitability. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.

- Go look carefully at the numbers and you'll see this.If you could acquire more rentals and they threw off $500 profit each/monthly, how many would you need to make a living?

And even if they do, they can change that at a monthly BOD meeting.Plus, since you are going to have to hire out the 1) Property Mgmt, 2) Repairs and maintenance, and 3) cleaning, your profit margin is going to be very slim, particualry in a condo (which will have a much leaner net profit than a basic house.Not trying to be a downer, but I'd suggest looking at another avenue for REI.