I am looking into vacation rentals in St.

This is my first post and I'm thoroughly enjoying my journey over the past 3 months.  

. ($2k-$3k) We list it as a vacation rental.

thank you @Mardochee Pierre very much although i do plan to flip it for a profit i would like to live there a year or two and make it a vacation rental when I'm not there and really don't want an inland house although i do notice a majority of the waterfront homes are actually just on a canal and there is the whole hones beech long beech rockaways etc... acting as a wall in my opinion.....mainly could you perhaps recommend an experienced inspector that could assist me when i visit the open house... they do provide all sorts of inspections and property information but i just don't trust them after all the whole thing is organized by some 3rd party company making a profit off the 6% commission at the auction so obviously they could be less than truthful... also any information from the state which owns the homes at this point i really wouldn't trust because i know the state can say one thing and than a local town official could come around and say oh no no you need to teat that house down etc...

However, I have to say, Cuba will offer a very good opportunity for landlords, investors, construction companies and travel related industry, including the vacation rentals.

this would be my first deal and i am not sure if its even worth looking at.listing price is 795,000 (i would offer lower) which is comparable to sfh in the same area.first unit rents at 2400 1b/1bsecond unit rents at 1800 1b/1bthird unit is not permitted and currently rents at 800(this would be my residence in a house hack situation)property tax is 3300 a yearthis is a older house that has been maintained(new roof/siding/kitchens)with little experience i would say this is a b+ a- house in a B B+ neighborhoodproperty is in downtown Napa which gets a lot of tourist activity vacation rentals go for 300 per night averagefinancing is through a partnership passive investor using 200,000 down to get tradition financing title will be in my nameit must be noted this is the first house i have seen with any cash flow. listing prices are high, stock is low and people buy for appreciationthis house is nowhere near the 50% or 2% rules am i crazy for looking at itthanks in advance and let me know if i need to give more infoCasey

I'm glad you're enjoying the podcast.

My wife and I decided we had enough of the winters in NYC and just moved to Charlotte a few weeks ago to enjoy a new city and so I could more directly focus on growing my operations / portfolio here.  

I'm also an engineer by day, so enjoying the analysis part of deals and making my own spread sheet calculator.

You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case StudyOh - and be sure to set up some Keyword Alerts- especially for "Chicago" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!