I am an engineer so I use a detailed spreadsheet.I add up all my costs and these are many and subtract that from my estimated income.I look at similar properties and see what rates they are getting and how often they are booked.Excel does the math for you once you have all the numbers.Remember for a VRBO you have to pay for the utilities (don't forget cable or satellite TV and internet), consumables and furnish the place.

I created a "dumb" calculation with obviously fake numbers to make the mental math easier.

Anyone have experience with what math lever most influence IRR?

At home, work issues are often discussed, and personal ones at work, so a person does not concentrate on either work or leisure.

Thus, in this transaction, at the closing, the grantor and grantees of the deed is the three siblings (grantor) to my tenant only (grantee), in other words, taking his siblings off the deed.Seems like the math in your case is a little more complicated, but you get the idea.

We have a potential seller finance deal on an off market duplex in MA. The

@Bryan Kurtz Welcome...although I don't have any reason to invest outside of the Midwest, I can tell you that there is an entire industry built around servicing out-of-state investors...so, with some due diligence it won't be hard to land with a reputable firm in any state you elect to invest in...the key is to do your homework here.

If you think that you have a strong case and have done your homework would a local appraiser be able to help? 

But if you do the math, reflect and can ride out the worst of it then I'd say hold because you'll be better off in the long game.sticky situation for sure

Show him you know what you're doing - that you've done your homework on costs, zoning, valuation.