You just need to factor the price into your calculations to see if you can get a profitable enough.My previous reaction to your earlier comment was due to the fact that the hotel zone is pretty much done.

Many of the BP calculators want you to put in 5% but this is not always accurate.

Do you know of any tools that can do a full end to end deal analysis, as well as looking at title, calculating cash flows, and giving a full picture of the investment potential of a property?

It offers tax benefits, such as mortgage interest deductions and depreciation, reducing taxable income.

If i am holding onto this property for a definite period of time, I also will want to calculate the IRR to see how it stacks up with other potential investments that I have run into.

Use tools like MLS, Redfin, BiggerPockets calculators, and Zillow for cost and income estimates, and enhance research through networking.

If you borrow against the equity, you'll need to include that payment in your calculation, as well.You make 3x the average income for Pennsylvania at the age of 32.

I think people do not calculate the toll the lower end properties take on investors with years of ownership.Even with management in place there tends to be more problems with those properties over time.The emotional toll alone owning a low end rental portfolio over a decade is enough to make me cringe.Time is something we never get back.

Hi all,I have a few long-term rentals and am exploring a STR for the first time, and am seeking guidance / advice on my expected expenses (and ideally what i'm missing that i should factor into my calculations).

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.