@Ryan Cleary I tend to agree with your thoughts - the ease of management/no maintenance was why I was looking into the 3bed+ luxury condo market.I would prefer to get a STR in an area that we like to vacation a few times a year, using the revenue to subsidize the cost of ownership (which is why appreciation potential is more important to me than monthly cash flow).Finding a newer luxury home that is walking distance to a nice beach in my price range has been challenging.

We have had offers of $430K on it few months ago as was.

I got it at 5.5% interest, monthly mortgage of $2000.

I sympathize with the tenant but I am thinking to send them an email reminder that rent is due on 1st of the month and its not okay to continuously pay late rent. 

I am curious about your thoughts on the new Assembly Bill 968 (AB-968), effective July 1, which mandates comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of purchase.Thank you. 

There is a court process they go through which does take some time (6 months). 

Subtract all costs (mortgage, property taxes, insurance, maintenance, property management fees, and HOA fees) from rental income to determine the estimated monthly cash flow.

To attend his mastermind and get access to those things he offers he said it was $2,000 upfront then $747/month.

A Cool part of the Pocono mountains is that the tourist season lasts ALL year- not just for a few months out of the year.

I am paying $39 a month to have them as a registered agent.