The make or break factor will be your property management team.

Owning your vacation home can take a lot of the relaxation factor away from your vacations.5.

Some people only want new properties in nicer areas to lessen the headache factor others are willing to chase higher returns by getting cheaper properties.

All that being said I think my main concern is the boots on the ground factor and trustworthy.

The association will be designed as a networking opportunity for experienced Real Estate investors to share their knowledge, ideas and best practices.The first few meetings will be dedicated to working together to develop a format and create a plan for future meetings.The only requirements for the meetings will be1)All attendees must own at least 1 investment property2)ABSOLUTELY NO SELLING will occur at any time during the meetings.

There are lots of factors to this equation and the most significant one is what market you choose to invest in?

For me, if I know what my repair costs will be and my closing costs and holding costs and I factor all of that in I want there to be about 15-20% left on the table.

On another note, I'm happy to talk with any of you who may need drafting or design services.

Interesting side notes-1) the two current tenants are longterm 4+ years, but are also not clean and tidy at all.2) there are several very nice houses in this neighborhood, but the one next door is condemned (in tax default), and a house a couple blocks over has been destroyed completely by fire.3) Comps of SF and MF homes are all over the place in the area and it's pretty much impossible to get comps on this type of unit even going back 2 years.Any suggestions on how I should factor the current tenants, neighborhood, comps or empty unit potential???

What are the biggest factors in a vibrant REI?