Just remember not to buy so high up on a hillside that you've got guest complaints anytime it snows and they lose power/access.Personal home?

He is an older man looking to sell all properties because of his age.Example 1 - LP:$114,900Both units occupiedRent 700 Each unitTenants pay all utilitiesPM charges 9% in my area and handles snow removal/lawncare 2 bed 1 bath units Insurance $725 a yearTaxes estimated $1900 a year Rough CoCROI 18%Depending on numbers/downpayment and suchAny other questions ask away!

The HOA has a pool, spa, club house, tennis and snow removal.

https://www.airbnb.com/help/article/948/minneapolis--mnI've accounted for expenses such as insurance, taxes, Cap Ex, maintenance,utilities, cable, internet, lawn/snow removal, 3% of rent back to AirB&B.Any expense I'm missing?

@Selena Walsh -- I would love to meet you some day -- us both being local.1) Cost 2) Handles all laundry (provides sheets, towels, etc) and paper products (TP, Paper towels, etc).3) I think I'd prefer some that charged by turn vs a % cost of the rental4) All inclusive (I don't want to have someone take 28%-40% and not give the option to provide or manage snow, lawn, etc)5) Shares guest information (all names, email, addresses, phone, etc). 6) I'd prefer the person be able to be at the place within an hour to handle any issue in person if need be.

Property management can be anywhere between 20%-40% depending on the particular market (beach vs. snow, etc.) vs. 10% for the properties I own.2.

Beyond what @Tim Herman pointed out:You're forgetting Management (10-12%)What about lawn care and snow removal?

@Tim Herman Ah thanks Tim I was calculating cap rate bases of(rental income) /(principal+pmi+home owners insurance+10% for repairs/capx+Lawn/snow removal+Landlord electricity)   The property does cash flow very slightly just has potential.

@Dylan Snow Welcome to BiggerPockets!.

From my seat at this table, the worst situation is she leaves in the middle of the night just before Christmas, you are now faced with the three worst months for renting and you have an empty unit that you have to heat with the fewest good rental prospects looking to move in the snow and cold.