Wholesale a deal or two first and generate that CASH.

This will generate probably 90 calls and some decent activity.

I like the strategy of the long term tenant during the slow season...if that is the best you can get for the area and time of year.If you are able to generate the $130 per night during the peak season - that would bring in $12,675 at a 65% occupancy rate ($130x98) (there are approximately 150 high season nights) but you are only bringing in just over $8600.So it sounds to me like you need to focus on your short term rental occupancy rate and maybe make a rate adjustment.  

Thi Huyhn a lot of the people on BP are active investors able to generate 20-40% irr.

Living in Hawai i you are probably pretty familiar with short term vacation rentals which can generate higher cash flow...but also cost more to get into than say a long term rental.  

What I would recommend is using your vacation rental and bank a couple weeks a year into the "pool" to swap...the rest of the time it's generating income.Aloha,Jeff

Based on what you've said it doesn't appear you're looking for  tax write-off so what you'd wind up with is a a cash burden chasing presumed appreciation and unless Costa Mesa is an on-fire seller's market you'd probably not experience a great leap in equity in one year.I own rental property that generates income monthly and nets me about $30k per year as an income supplement.

We also need it to generate some sales tools including appropriate financial measures (because it's different from other funding models, some education is needed).My wife and I have begun to test a second business model that will need the same kind of analysis, and we have other models waiting after that. 

For the property you looked at with a 9.7% cap rate, that means, if the property costs $100,000 to purchase, it will generate $9,700 of NOI.  

Hello all,My wife and I currently have 5 rental properties, and we would like to buy more, but we're very aware that our money will run out unless we generate more capital.