Each state and local government offers a unique collection of revenue sources that weights income, sales, property, and other taxes differently.

Purchase price: $135,000 Cash invested: $32,000100% turnkey in a rapidly developing area.

Hi @Mike D'Arrigo you're right and that's not fair of me to lump ALL turn key providers into the same pot. 85% of real estate agents aren't worth their weight.

Historically its been around 10% of the project costs, however in today's rapidly adjusting materials costs world, it may be wise to set aside 15% as a contingency reserve#3: There are THREE primary sources of capital in RE Investing - A) Hard Money Lenders "HML" | B) Private Lenders "PL" | C) Private Money "OPM".  

You have it hooked to two points that are not meant to hold a person's weight. 

My theory is that millennial buyers are not inclined to want to landlord and, hence, the duplex market is weighted heavily toward investors who are too canny to overpay because of emotional response to a property.   

You get older the extra million doesn't carry the same weight as an extra year of quality life left to live.

There are still a lot of "granny houses" out there but that is rapidly changing, especially as hosts who paid too much for their STRs or are in crowded markets are trying to pivot to the MTR market to generate something.

When an appraiser appraises the property, they will do all three and weight them accordingly based on the type of property and strength of the data.

I’m also enjoying the process of running a small business.What’s interesting is how rapidly the Cabo corridor has developed and how few oceanfront SFH there are now.