My exposure is limited to the greater Stamford area, but parts of Stamford and Norwalk can sometimes produce 1% (my properties current do, but they are apt and multifamily)its much more rare for a SFH though.

This is a problem you do not want to have.As soon as possible after taking over the management of the property, the property management company shall be responsible for producing an operating budget for the next 12 months, and do this every year at least 60 days prior to the beginning of each calendar year.

Rock on!

Just picking the brains of the best investors on the web ; ) Thanks everyone, you guys rock!

Hi Kevin - We have a Airbnb cottage in Bird Rock which has worked out well over the years.

Of course none of this was legal or documented in anyway, but I still produced a cash flow of about 400 dollars a month and even managed to sell "the rights of the name Sebass' Brownies" to a younger student for a tiny amount of cash when I graduated.

I generally work 3 to 6 months a year, and for the rest of the time I follow my hobbies such as rock climbing, skiing, and spending time with my wonderful wife. 

They can all work at different times, imo.Good luck finding your own method.Rich Awesome insight Rich,This is the same track I've been researching, thanks for the post to reiterate that there are others other there  on this same path:- the balance between cash flow, tax shield from depreciation, and projections to figure out how to net "0," on paper or as close to it as possible- building up the passive activity loss bucket in anticipation of properties or other income producing activities that have income that exceed expenses and depreciation so I can keep the net "0," balance for tax shield purposes- use of entities, revocable and non revocable trusts, and Life insurance to exit life with no estate tax, fund trusts with perpetual income and asset growth by auto/default design to perpetuate indefinitely into future generations

This means that unlike Brandon, I don't climb on roofs and pull rocks out of plumbing :)This also means I don't do my grass. 

@Claudio Goliaas others have mentioned, vacation rentals can produce some great cashflow if you get the right deal, right location and property management.