And I finished with how it would lesson the impact of capital gains taxes they would have, as they don’t get all their money in one year. 

The depreciation, etc. that impact taxes for each property will roll up to the mother, so you only have one tax return.I know this sounds complicated and I am neither a lawyer nor a CPA but am following this approach myself.  

I want to know how to calculate the cost of a building permit, how much in development/impact fees, school taxes, encroachment permits (and any other required permits) and any other required fees.

I look at Cash on Cash return because cash flow is like the blood in any business body.

There are alot of factors like the run of the lines to the farthest fixture that will impact how well a system works. 

As an agent and investor in the Destin, FL market, I'll agree that COVID has clearly had an impact (for the better) on the STR industry locally. 

I have heard him in another podcast called impact theory a couple of months ago and he wasn’t the brightest there like he couldn’t explain the questions he was being asked and when trying to explain the question he was asked he would go on tangents missing the question entirely.

As indicated the $1K/year will not significantly impact this investment. 

None of us know how far this war will go, how long it will last, and whether it will spiral into World War 3.I do not mean to lessen in any way the seriousness of the invasion, but we all must face that it could have massive impacts on our investments and may present opportunities or dangers to our livelihood. 

More “cash flow” markets DO appreciate and at a similar rate…it’s more that the low price point it’s not as big if an impact. 5% on a $100k house is $5k.