Ronald,6 cap minimum, excellent occupancy history, good location, min deferred maintenance.Tom

Dec. 30, 2014http://www.usfn.org/blogpost/1296766/243835/Michigan-Post-Foreclosure-Abandonment-is-all-about-Occupancy

it was on the higher end ($365k), but with the proximity to downtown Blowing Rock, the ski slopes, and Tweetsie Railroad amusement park, (plus it has an amazing view and 3 bedrooms), I was okay with the larger investment.My plan was to take it out of it's currently rental program (which produced 46% occupancy total, with 10 months being in high demand), because I feel like them taking 25%+ is ridiculous. 

After doing a walkthrough it appears that one unit has more occupants than allowed.

If you are looking at possibly becoming a host I would recommend getting a month subscription to Airdna which will give you a really good look at the numbers (occupancy, avg nightly rate, seasonality, etc.). 

Matt Hoyt Anthony Dooley sorry I should have mentioned I would be an owner occupant and live in one unit.

NACA they want the owner to live there for the entire occupancy.. they also place a 25k lien on the home it just seems a bit more difficult to leave the property if something comes up

I own 4 of them now in Big Bear LakeBest 3 things:They make a ton of money and are booked at almost 100% occupancy all year.The real estate isn't that expensive although that is quickly changingThe city ordinances aren't as strict as Palm SpringsWorst 3 things:Very difficult to find reliable vendors, mainly cleaning serviceLocal crime is very high11% transient rental tax on gross incomeIf I could start over I'd still invest there, it has made a great investment so far, but it has been very stressful.

Here are a couple things that significantly affect the rate you're getting:- Credit- Points paid upfront- Type of property you're buying (Single family, multifamily, primary residence, non-owner occupancy, etc.)- Type of transaction (purchase, refinance existing loan, cash out, reverse mortgage, etc.)- Length of term (15, 20, 30 year etc.)- Loan to value ratio (70%, 75%, 80%, 85% are the big tiers typically)- Amount of loan taken out (this makes a bit of a difference as well)Most of what you said it spot on, but I think you can get a better idea of what's out there if you cover all of the bases. 

Occupancy date3.