Purchase price: $297,000 Cash invested: $1,500 Sale price: $408,000 Held as a Buy and Hold, then noticed the opportunity to take advantage of the appreciation to invest in other areas.

There are some features of this home that I would like to share to help me with the decision.This STR is only 6 years old, in very good shape, is year-round so has Heat/AC (which we do not) , a larger unit  (4bd / 4 bath & sleeps 12) & has been  booked each year with repeat vacationersThe property has not taken advantage of off season rentals, which happens in this area ( Oct - May) .I have included these #s conservatively in my NOI.I understand the formula for commercial investment property, NOI / cap rate.Can I use this same formula to evaluate a purchase price so I am not over paying for the property...

Definitely trying to take advantage off everythjng on this site.

How do I factor in depreciation and all other advantages tax wise? 

If its your money, make sure you know you partner well enough you cant be taken advantage of.

Local is always a great place to start with the assumption you know the market, the challenges, advantages which can make it easier to uncover the best deal. 

Purchase price: $34,000 Cash invested: $2,000 I attended college in a small town and found a niche that I could take advantage of.

Purchase price: $34,000 Cash invested: $2,000 I attended college in a small town and found a niche that I could take advantage of.

The advantage of keeping the loan in your name is that you were probably able to get conventional financing that you could not get within the LLC.

I have a property.1) lease was originally for a couple (man and woman)2) in May 2020, man took himself out of the lease (because woman was in an abusive relationship so she states and failed a restraining order against the man so man moved out)3) Woman took advantage of eviction moratorium and refused to pay me anything for 10 months onwards4) Woman no longer lives on my property at end of Jan 2021 because I finally managed to evict her end of Jan 20215) Now, I've been communicating with her and trying to get her to complete Covid Rental Assistance programs so I can recover the 10 months back rent without having to go through small claims court6) So far, I've been rejected in two programs (one of the program states that woman didn't provide enough proof / evidence)7) So right now, I'm looking into pursuing woman in small claims court in November8) She argues she has no money or anything and is living in a safe house and to protect her from her abuser, and that she's also homeless9) She states "I have no assets, no savings, and no income.