That number is actually pretty low for a county with 2mil people, but it has increased over the last year.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Just like when we're looking for the right property and how we need to negotiate, waiting for the right priced house to come along it's important we show that same patience to our family and especially our kids.My daughter was giving me pushback about something last week and when I told her No she lost it.

80 - 100K CAD .... so about 50 - 70K USD (maybe cheaper as these sorts of things are more expensive in Canada.That has a hydraulic lift and included the construction of the shaftway.Of course ... you can spend much more[Note:  I originally included a rang of 60 - 80K CAD (25 - 50K USD), but going back to the quotes we had last year to bolt a 4-stop onto an existing 4-story apartment building, the range is more like 80 - 110K CAD]   The 60-80K was for a 3-stop solution at another location.]

Last year I sold a property and used the funds to purchase a set of 3 land loans in the name of the partnership, which have been paying mostly interest and a little principal on a monthly basis.

You want that money to last for the rest of their lives.

I've probably made more money in RE in the last 5 years than in 20 years previously combined, and our population was skyrocketing *before* COVID.

I started investing once I turned 18(I lost most of it (whoops)), but I started focusing on safer investments and learning about real estate over the last two years.

Lastly 30% is too high for a STR management company, especially one that says how often or how long you can stay at your vacation home.

.: divorce, death, job loss, etc.