I’ve got the down payment and closing costs but am needing reserves.

Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor. And unlike property taxes, it’s something you have a lot of control...

Do you know reno costs and where and how much you should pay for the prop? 

Consequently, most STR owners look at the revenue from renting as a way to offset the cost of having a ski house as opposed to strictly as an investment vehicle.  2)  How are STRs regulated in the area where you would want the vacation home?  

Hey Folks, Renting my first ever property via zillow rental tool, just within 1 hour of posting I got an applicant.

The key is to make sure you purchase your the home at the lowest cost and know what your after repair value will be to see if you will actually be able to make a nice margin after netting all cost.

Owners passed away, the kids (in 60's) haves friends staying in it for free.

Feel free to look us up online and explore the article about us featured in the Canadian Underwriter.

I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.

Just am commenting on an opinion.I'm sending free fire starters to anyone that was flooded...for warmth, of course. ;)