:)(I don't know that specific market or what a studio garage conversion goes for... maybe only $625/mo and it's "only" 25% CoC ROI that he's looking at...)

(i.e. minimal kitchen cabinets, no dishwasher, older doors are ok, painting vs replacing items, etc)

Make sure these items flow through in to your needs list when you are shopping for a home.. this will help you ensure your home is getting the best mix of occupancy and nightly rates as it will be a more sought after home by guests.Keep both hats in mind and you will be off on the right foot!

I would hope at this price point that your repair budget and a few other items are overestimated, which should make this cash flow number better.

We can help each other in an informal setting on lessons learned or items such as the following to name a few:- Tenants not paying rent on time or at all- Tenant screening- Contractor suggestions for upgrade/remodel- Upgrades to increase rents- Leasing- Maintenance issues- Other...If you are at all interested please let me know so I can try to put something together, if not, no worries and have a wonderful day!

But that's why I'm on this forum.... the more conversation and feedback, the better!

I will say we met in church so it was a strike up conversation.

In order to do this, they drilled through the exterior vinyl, gypsum sheathing, etc of the house (considered a common element/ shared HOA item). 

. - one concern was the supply chain, which Steve Jobs once mentioned that U.S. would have a difficult time investing with that sort of infrastructure that China has to support the product: https://www.forbes.com/sites/forbesleadershipforum...Anyway, a long discussion perhaps enough to jog conversation!

Abreu- I am back in town tomorrow and will message you again to continue our conversation from before.