Understanding cap rates, net profit and economy (supply/demand housing, interest rates lowering increases demand, the real estate cycle, investing for cash flow vs appreciation) will all set him up for success.

YoY is flat.Rentals - Months of SupplyAbout one month of supply for our target rental property profile.

While vacation rentals aren't a huge drop in the home supply bucket, they're not nothing, and any reduction in home supply for primary residences will eventually push prices up.

@Alberto Solis, with TICs, just make sure you understand things like how the operator will be reporting for your TIC to confirm they will be supplying all necessary info to keep your TIC in good standing, and, probably bigger, ask if you will need to be signing any loans.  

You will not have the existing power supply that I assumed.Still I like @Jill F. idea of installing mini-splits.

these Guru get rich because most of us want to get rich the easy way and they sell us the solution. so don't feel bad about it, he supplied you with the software brother find your own deals...and Good luck brother. 

There are plenty of transient markets in Florida where the supply of median home priced properties can cash flow well but it would make no sense to purchase a luxury property in that market. 

I'd say that says more about lack of supply than price fixing.

Just posts that say get a lot of quotes because they can vary considerably.Need to replace a supply line from the main to the house.

Now with the increased supply of STRs, and less demand, everyone is dropping prices to compete.