So lets say you average $200 cash flow per month.

I have run the numbers in the Calculator it looks like it will pay for itself if it is rented an average of 3 weekends a month (minimum 2 night stay.)Thanks,Adam

A little about me, I am in San Jose, CA and I work in the tech industry.

Does anybody have recommendations or an "average" cut of first months rent or fee list to benchmark against?

Thank you everyoneA few things to remember about Rentometer:1) The average and median prices they report also usually include a margin of error.

I receive either a covered hotel room or a housing Stipend, $100/day.I'm opting to choose the stipend bc rent averages $1500/month here, which means I can pocket $1500/month.

My goal by 6/1/2018 is to house hack my 1st property, and get a job in the real estate industry.

You want to talk to your CPA first and foremost you don't want to get in a situation were your deemed a dealer and lose your cap gain tax advantages.that said a take down schedule like this is common in the industry.. although CA usually a million dollar property is not a lot.. vis a vi development ground.. and builder developers there usually stroke a check if needed.I suspect though if your going to sell it in phases.the land would be split into 3 phases and you deed out each phase as he pays if off.. but not individual lots that were your CPA can advise you on dealer status.its common though in these scnerios to have accerlated paymentso you have  3 phases  333k each... you sell first phase for  400k.. second phase for 400k last phase for 200k.. this way you get a premium if he fails to buy the rest of the dirtalso in your contract make SURE you demand that all work product engineering soils geo tech that type of stuff is once paid for your property as well.usually in vanilla real estate transaction on the west coast I don't recommend or see the need for a lawyer but in this case I would find a good real estate lawyer tell him these basic terms and things you need then let him prepare the contract.. hope that helps.. and assuming the dirt is in CA.. of course.

My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

What is the average cost of the inspection being done by inspector or contractor?