thanks for the replies.i used to buy houses for 59-69k with 20 in updates. and now the house across the street was listed at 99k with TON of updates (~20k). today it came down to 89.9k and they just accepted my offer of 80 for that house.but that's not the point. the point is that when you include vacancy, repairs, maintenance, that house gives you around 215 cash flow per month. when you exclude those figures, it cashflows very good, around $584. i am just so mad that the higher prices are pushing me out of the rental market and i wont be able to find anything that would cashflow in 1-2 months. this house has a ton of work and just 1.5yrs ago i bought the house across the street for 63k.not sure if i can post this correctly, but here's what the numbers look without repairs.

@Kevin Sack There are several primary drivers that are bringing customers into Lubbock for short-term rentals.

With no civilian airport and few economic drivers (other than Cannon Air Force Base), I don't see much potential for growth here.By contrast, Lubbock has a real airport and is home to a large public university, several sizeable medical centers, and a thriving tech sector.Sign me up!

Honestly, I joke with my entrepreneurs' friends' that I think entrepreneurs have a little bit of madness mixed with creativity, of course, to do what we do every day.

What other factors are key drivers I should consider?

Great job conveying the information and mad props for finding painters to paint the interior and exterior so cheaply!!!

The 1% rule, while a good back of the napkin approach, completely ignores price appreciation which is the single biggest driver of returns in Metro Phoenix.

Drivers make pretty good money.

It's a job and not passive income.It is very trendy though like Uber until drivers realize that they are not making as much as advertised.

I was told by them that they would send me a copy of their drivers license and the back rent asap.