@Rita Koroll,As for HOAs, you need to consider them as an additional operating expense just like property tax.

@Julie Belton, the cap ex, repairs and insurance expenses seem too low to me.

I sent a repair estimate to them highlighting the most expensive items.  

We haven't had the inspection yet, nor have I verified the seller's rent roll or expenses other than property taxes.

You make $ with non-refundable deposit up front and the spread between the rents.S California sounds like an expensive market to me.  

. - not planning for the eventual transition of properties into a corporation (if deemed by your goals and strategy) from the beginning can have expensive consequences down the road  (as indicated by the investor with whom you spoke recently).

I was wondering if those with Vacation Rentals or those wanting to do vacation rentals, would post an analysis of the ROI, Cash on Cash, etc and a break down of expenses ie Mgt fee, HOA, Utilities, Cleaning, etc.  

Same as learning plumbing for your properties, a bad plumber (or DIY) can cost you more than an expensive plumber.

Duplex in Audubon (both 2br 1 bath):Purchase Price- 110,000ARV- 160,000-180,000Rents Currently- unit 1- 850 Unit 2- 1000Re-preformed rent- 1000 a unitCurrent Monthly rent- 1850Monthly Expenses- 1513.98Monthly Cash Flow- 336.02Cash on Cash ROI- 10.21%Let me know any other numbers you might want to see,William Lees Jr

This took a lot of time and was expensive.