but yes it does come down to that.. in tax cert states keep in mind many insurance companies or large corps or hedge funds will bid down the returns to 3 to 5% there by cleaning the clock of every private investor who thought they were going to win at auction.. so what happens in reality is people burn out doing DD and never getting anything . 

If you are renting by the room, I'd also get a cleaner in to clean the common areas.

I don’t know that you’ll find any real estate in your price range generating that much cash flow.)As I’m sure you’re aware residential going to be iffy/risky with new tenant protections and landlord restrictions passed monthly.

Define your investment goals, including target market, desired cash flow, investment timeline, and risk tolerance.

How have you done with expenses, quality of tenants, turnover, cash flow, their property management team, customer service, etc.  

One thing to consider would be the president's repeal of Obama's environmental efforts.Also, if a steady cash flow yielded similar to the above $3,001, could that be a $450,000 valuation at an 8 Cap?

There are a lot of ups and downs, but if you maintain focus and surround yourself with amazing people, things will eventually work out.Now is the time to go all in on real estate, when everyone is predicting the sky is falling, and the deal flow has slowed.

There are more moving parts between cleanings, reviews, keeping inventory of a furnished place, bookings, new people every few days, people not understanding the difference between an airbnb and hotel etc.

If you want the higher cash flow from a STR, are you willing to do the extra work and deal with more people?

I usually do this to help cover the carpet cleaning costs once the tenant moves out.