The calculator finds that the annualized interest rate, or if you prefer return on investment, is 9.43%I hope this clarifies.  

Remember when land buyers pick a target, they have TONS of work to do getting that property from dirt to payday, so they know their purchase choices, and they have a war chest usually stacked up ready to go.

But if you want to use it, then an STR may be your preference- but to be profitable, you would need to have a large down payment.Aloha for now!

So they really had no choice IMHO....Welcome to the landlord world I guess.....makes ya wonder why we do this sometimes, huh?

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

The fear of unknown and the bad potentials, but then sh_t happens and ya remember that we got a choice to lay down and be done in by it or roll-up the sleeves and get to work and be a solution maker. 

My preference is to prioritize longer bookings and STR in the gaps.

Our take on this topic, and the one time we deviated from our preferred.  

Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

Would the person who takes on more labor to repair the property have greater preferred equity or is this usually treated differently?