Account Closed a lot to unpack here. 

even in lower cost markets.https://www.biggerpockets.com/forums/12/topics/1171104-the-m...and - i still think it's better to pick a market that you have a connection to rather than one that meets arbitrary numerical criteria. 

It was on the lower price range for condos and a good location, so that helped.

our build cost probably are close to maybe even less than some areas of the mid west ?? 

Buy your lists, smile and dial all day and every day.Negotiate hard, be quick, close quick and close with cash.Your word is your honor and if you snag a bargain price and are under contract with the seller, even if it turns out to be a turd.Buy the turd and eat it.Don't be a turd like many other wholesalers are and let the contract lapse.Right @Bob Stevens?

Think about going to see there office most lenders do the appraisal and when its done they charge you .. they dont have you send the money up front.. but maybe some do.but worse case scenario if they don't fund your only out 950.00 but many do this and also have non refundable EM thinking the deal is going to close and they lose that as well. that's why reputable lenders are very important to keep you from losing 1 to 5k on a fake lender or more  and again I have no clue about this company.. just say in  how the fake lenders operate and what your risks are 

/ $1000Utilities / $300 mo.Supplies / $60 mo.Lawn Mowers / $200 mo.Total monthly cost$1600-1700Target nightly rate starting out: $140Cleaning Fee: $50Avg. occupancy rate for my area: 46% (This could be inaccurate)Projection: $1932 (@ 46% occupancy) + 300 (cleaning fee @ 6 stays) = $2232 - $67 (3% booking fee) Monthly Revenue:$2165NOI: ~$500/moSo if you have a lower-end home in a smaller town here are the numbers I'm interested in:Total Revenue for 2023 and YTDOccupancy RateApprox.

Also avoid certain types of rentals-the C and D class are more likely to have higher turnover costs as they attract a lower quality tenant.

However, I think this number could come down even lower after negotiation.

With 30 year fixed traditional loan we can only acquire it in our name and I hearing the deed trasfer after closing to a LLC does little to really protect the owners.