To get the best applicants, lower your rents, but never your standards.

Each of these homes produced a profit as large as my yearly salary and required MUCH less labor then a standard 2000 hour work year.

What is considered standard for a complex of that size?

Look beyond what a "standard" engineer makes and look for the high paying niche.

Taking payment for consulting on a job is a standard thing.

This I get from 20% down at 5%, which ends up being $12,454 per year.This doesn’t calculate the cleaning fees associated with each stay, which is in the $100 range here on Maui, so keep that in mind.But the fee charged I would assume cover itself depending on the unit.Also, if you did a vacation rental by owner online, most companies are around the 3% of gross, or $400 per year that you would also have to deduct from profits.

Tim Delp's forumla is exactly right.Paul has it correct in how it appears on your return and is deducted.

The key to selling it is this: out of every 100 people you talk to, 50 of them will eventually go on to list. 40 of them will be tire kickers. 10 will really need to sell, and of those, 1 or 2 will be standard wholesale deal worthy, while the other 8 will need a more complicated strategy, such as sub 2.You need to find a way to monetize those 58 motivated people that you wont be doing a deal with.

Landlord would try to extract(deduct) for at least something(keep in mind, there is no damage).mail When asked about the key to the mail box, landlord, who do not live at the place said he is "not going to give a key to tenants(?)

Seems as though the standards aren't always the same.