The average monthly rental is around $350 (I think, I’ll know more info after meeting with the owner.)I’ve had a few self-managed properties a few years ago, but currently don’t have any investment property.

.: $850 8% Vacancy Rate (average is 7-8%) 4% Management Expenses 10% Capx/Maintenance (I’d prefer 15% but I’m ok with this giving value add opportunities I've identified) Offer 1 – I want to show the seller what their ideal deal looks like with their asking price and how it doesn’t work with traditional financing that creates negative cashflow for buyer.Purchase Price: $400,000 Down Payment: $80,000 Loan Amount: $320,000 Loan Payment: $2,292 monthly (bank with 6% and 25year amm.)

I wonder if there is a service one could subscribe to or access which shows:- Total value of residential mortgage debt in the US- How that debt is grouped by fixed vs ARM rates- How thar debt cuts in terms of prime vs subprime- How are the monthly payments doing (on time vs late)- Proportion of foreclosures (growing or declining) - How much of the debt is primary residence vs investment - Average loan to value estimate My point is simple.

What they deem as appropriate behaviour is not appropriate for the average person which results in considerable property damage.

I look forward to meeting new people and learning the industry.

They identified that the banking industry has a hole here, and decided to fill that niche.

I found this on meetup.com... seems to have resources for Charlotte, and TON more for other industry specific groups that are local. https://www.meetup.com/CharlotteREIA/

This helps get me a look at average nightly rates, average and medium occupancy, see any seasonal changes, and lets me compare different size units along with amenities offered by top listings.

So let's assume that on average, the units are all rented for $700. 

I hope you all the best in this great industry, and any advice/tricksandtips would be helpful.