Another factor to always keep in mind: on average, the property management or vacation rental management companies will take 25% to 45% (and sometimes more) of your gross rental income.You may have the option of running your property management yourself, through sites such as VRBO.

From my understanding, you can setup an LLC and designate to have it taxed as an S-Corp to benefit from the tax advantages S-Corps receives.

Qualified leads are the result of 2 key factors: 1) YOUR LIST - start with the right prospect pool 2) YOUR MESSAGE - say the right things in your marketing to get the right people to call you.

For a short sale involving a bidding war, the bid price is the most important factor, and then it is whether it is a cash offer.

The R-1 is not really an issue, a duplex may be in an R-2 designation there but the structure is there, it's grandfathered or an approved dwelling being 1-4 SFD.

If the home is over 60 days on the market then they can take less depending on many different factors.

Another big factor is how they're budgeting for capital expenses.

Property taxes are a bit crazy in Wisconsin though so it all factors in.

Some want to use them as gating factors and if you do, you will stay on the profitable side of your deals.

(though we already have the basic design complete on the website), so they're down the road a bit, but will be great for vaca rentals!