CAPEX: If you use a very sharp pencil, have an engineering background, and a crystal ball mind, you might be able to arrive a mathematical formula to calculate CapEx reserves.

When they arrived, there was nothing they could do.Owner number three took over after a few months, and he was mean tough talking guy.

Now the latest bill arrives and the current charges are $240.

Actual Income Produced Arrivals in 2021PropertyUnit SizeGross Income, Includes taxes and FeesGross Income Without Taxes and Fees – Nightly Rates OnlyAqua3BD/3BA$130,921.93$96,395.42Calypso2BD/2BA$96,914.9667,570.30Grand Panama Tower II1BD/2BA$75,763.82$52,048.59Laketown Wharf1BD/2BA$67,669.85$47,714.70Laketown Wharf2BD/2BA87,500.56$58,525.77Laketown Wharf3BD/3BA$114,265.21$81,700.13Majestic Towers1BD/1BA$69,963.14$42,857.63Majestic Towers3BD/2BA$100,855.01$70,292.53Majestic Towers4BD/3BA$114,398.28$81,236.13Ocean Reef4BD/4BA$121,642.11$84,965.42Shores Of Panama1BD/2BA$68,998.05$46,165.82Sterling Breeze1BD/2BA$69,103.59$47,055.21Tidewater1BD/2BA$69,486.07$47,464.60Tidewater2BD/3BA$89,685.63$60,861.18Tidewater3BD/3BA$117,059.60$88,088.77Stearling Breeze1BD/2BA$69,103.59$47,055.21Private Home3BD/3BA$115,249.06$84,818.68

I wouldn't have nearly enough for them to do. people constantly needing to put out fires or manually handle guest needs haven't arrived at the point they should be yet.

I’m a new investor in Windsor, just arrived. 

You can do this by working out a split with the Broker while you are working remotely to bring in owners properties and learning the business now to August then a different split when you arrive and take over the day to day management.

Or, more to the point, you need to know the basic formula to arrive at a cost basis for which you can build on.I use the spreadsheet evaluate various deals that come across desk.

You will have gotten results.This is aimed at two types of people here on BP.The first type of individual that I’m directing this toward is the complete newbie; that is, the person that has just arrived within the last few days or weeks and is floundering around, having no idea what the next steps are.For you, I recommend following the advice I’m going to give below AFTER you read the Ultimate Beginners Guide at https://www.biggerpockets.com/real-estate-investing and make a plan.I am interested in your plan, so feel free to map it out and tag me in the plan.Other people on BP can only hold you accountable to your plan if we know what you’re trying to do.The second type of individual is really the reason I’m writing this post.This is the individual that has been on BiggerPockets between 6 months and 15 years that has not yet done a deal.I am writing this to you.I want to mentor you.I’m giving you free advice.I’m giving you advice that, if you paid me tens of thousands of dollars, would be the first set of advice I would give you.I would not continue our training until you followed this advice.No refunds.

The proforma from the seller had 10% vacancy already built in so I used the general rule of thumb of 50% to arrive at that number.