Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated this home to create a premier vacation rental property.

Does this make any sense.

Hi BiggerPockets Community,I’m heading to The National Due Diligence Convention in Houston this weekend.  

BiggerPockets has a STR calculator that can help you figure out expenses, long-term cash flow, and more you can check out as well when you get your numbers going.

(Current cost to bring in water line is around $140k or a well starts around 40k with no guarantee of hitting water) What made you interested in investing in this type of deal?

Are you certain the after repair value will justify this $40,000 budget?

I'm going to reduce my rent by $100 as this ratio seems abysmal (quite literally a 0% ratio in view-to-application). 

I find people can succeed with having resources from a self help sort of system.

@Bruce Schussler   I am always suggest my borrowers stop at 60% loan to value when utilizing this strategy.  60% is the loan to value where the loan would qualify for the best possible rate.

I just closed on my second 4plex in Emeryville this week, which is 75% occupied, and every unit is renting below market (~$250-$1500 less).