Likewise, one can make as much money as imaginable, if they don’t understand how to retain the money earned, not really any sense in making more money.

The added benefit is I get a good sense from a wide range of properties are available.

Well because I could not commit to acquiring my first property with the remaining time in the year, I’ve committed to analyzing 2 deals a day to post on the forums here.It will allow me to gain knowledge and advice from experienced investors and also give other investors like myself (or soon to be investors I guess) an opportunity to contribute as well.Even if they haven’t done any deals, they may know how to avoid common mistakes while analyzing that they’ve learned since they’ve started on their path to REI.I know it may not be much, but I’m really hoping that others in my position feel inspired to contribute more than the normal “Hi I’m a new investor looking to learn from everyone here on the site” and those more experienced are still willing to share their experiences.Thanks everyone.With that being said:Property #12-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.8k/moOperating expenses (per month):- Vacancy: $190- Repairs/Maintenance: $35- Taxes: $300- Insurance: $133.33- Property Management: $190 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

I know we have an Asheville forum, but wouldn't it make sense to have a forum for the entire western part of the state?

You would likely have to look into less popular neighborhoods for the numbers to make sense but even then hard to say.

I'm sensing a book outline there for you Dave - just saying. :-)DAVE's LIFECYCLE OF INVESTOR -----------------------------------------------------1.

Also, I was overlooking the short term capital part of the equation and that makes sense. 

Anyway, I'm giving you advice not from my personal experience but from others who have done short term rentals that I think make sense and it's what I would do if I find a vacation property myself.

Property #22-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $70- Taxes: $295- Insurance: $135- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

Another option to think about is doing a cash out on the inherited property if the numbers make sense.