After doing the math and starting this year, my yearly cash flow will decrease from $5,940/year to $1,502/year for every year because that total difference goes to pay off new mortgage, assuming 100% vacancy & the same rent every year.Process of doing a cash refi: It is the same as getting a conventional mortgage.

Once including repairs and vacancy it’s moderate, however due to the low amount of $ that I have to put into the deal I feel it makes it a bit more attractive for me.

Vacancy of 5% is your tenants staying an average of 20 months.

After doing the math and starting this year, my yearly cash flow will decrease from $5,940/year to $1,502/year for every year because that total difference goes to pay off new mortgage, assuming 100% vacancy & the same rent every year.Process of doing a cash refi: It is the same as getting a conventional mortgage.

Right now there is a lot of uncertainty and expectation that real estate will lose value, rents will go down, vacancy will go up and collections will be poor.

When House A comes open, put the spare lock set on and keep the lock set for the next vacancy.

In general, unless you know the area well, and know there is some demand, and simply no one knew about the vacancies, I would steer clear. 

There is a lot of coordination on the back end and your vacancy rates usually go up because you are a low priority for agents.There is a cost to using a PM company.

I’m a new investor from Brooklyn NY and I’m looking to invest in 3-4 units in Nj I would like to know what are good cash flowing areas with low vacancy rates. any suggestions 

Help for Airbnb and Vacation Rental OwnersWhile long-term effects on the short-term rental industry are debatable, here are some things you can do right now:Reduce your vacancy rates as much as possible by offering discounts and being more flexible during this timeCut your expenses by eliminating welcome gifts, reducing amenities and subscriptions or applying for mortgage deferral programs, as discussed aboveIf you’re an Airbnb host, apply for cancellation reimbursement under the $250 million Host Relief Fund available for qualifying cancellations (up to 25% reimbursement of what you would normally receive from a canceled booking)Consider turning your short-term rental property into a long-term rental, at least for now, as the traditional rental market is not expected to be impacted as severely as the short-term rental market  Additional ReadingResources for Property Owners and Agents from the National Association of Realtors is a great list of general recommendations and resourcesList of Relief Programs Offered by US Banks, published by the American Bankers Association, is a comprehensive list of specific measures banks across the US are taking to help borrowers in needCOVID-19 Tax Resources Center by the Drucker Scaccetti tax services firmLegal Guide for Landlords by Julie Anderson, written for the Mid-America Association of Real Estate Investors, provides general legal guidance and advice for real estate investors  Please let me know if I missed anything, or if there is any inaccurate information, so I can correct it.