Let me start with saying I'm really enjoying all the helpful information out in BiggerPockets land.

Purchase price: $183,400 Cash invested: $183,400 Vacation Rental Property that has been fixed up and has been converted from 1 rental unit into 2 separate units (1 bed, 1.5 bath, sleeps 5; and a studio apt that sleeps 6) to maximize income from $38k/yr to $45-50k/yr.

Same goes the other way - if a tenant issues a notice to vacate that takes effect on the 10th, and their rent is due on the 1st, they are responsible for the entire month.Another thing to consider here is your desire to change the terms of your purchase agreement by requiring the unit to be vacant (this is similar to the idea that you should be able to renegotiate the terms of the current lease agreement and require the tenants to stop smoking). 

It’s tomorrow at 6pm in Manhattan Beach, California.I really enjoy helping others and adding value, I’m here anyways for the day so if you have questions about getting into real estate investing, or specifically about the Utah or Boise markets I’d be more than happy to help.Feel free to reach out and ask questions.Join me at Out of State Apartment Investing Mastermind - South BayThanks all!

Tenant vacates or stops paying, so does their fee. 

We have, however, expressed interest in investing in vacation homes in Hawaii.What are some of your favorite podcasts that you listen to?

Or just enjoy holding the little guy in your arms at 2:00am...nothing wrong with that either! 

You've traded extra potential return from forced equity for the luxury of having your time and energy back and having someone else shoulder the rehab risks.For some investors who don't work full time or just think DIY stuff is enjoyable, it seems crazy to trade away forced equity return for convenience, which is where a lot of turnkey naysaying comes in.

My long term goal is buy and hold so I have passive income that will allow me to enjoy my family and support somewhat high-end lifestyle.Thank you for your help and input

My plan is to manage those vacation rentals at a 30% cut each, and racking enough luxurious properties under my belt to add another stream of passive income.