I’ve found a distressed property while driving & I want to contact the owner but they are not living in the property.

Husband and I are purchasing a property as our private residence that also has a small cottage on it we plan to STR. 

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

That in the Dean wood area are maybe the only two area in the DC  where the properties have not jump through the roof.

Biggest pati le is getting approved from VA and bringing property up to regulation.

I currently have 2 rental properties in ATX that I flipped + fixed and then rented out.

The plan for the property would be to rent it monthly while we are not there and use it at least once a year for ourselves. 

Without doubt int his market a property can sell itself, so can my car, or a can of soda, if it's an awesome enough deal right, so nothing special there.

What do you do yourself in regards to this property?

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.