It just depends on your goals.

Sellers can spread out capital gain so that they can lower the capital gain tax bracket from 23.8% to 15 or 0% depending on what are the payment terms

exactly, adding HOA+electricity+internet cost+property tax+insurance+flood+ flood insurance++VACASA PM FEE LOLand plus 50% vacancy rate for Airbnb rn.In hawaii vacasa doesn't have good reputation with their higher than normal PM fee.

You're really going to argue over the internet? 

With that being said, depending on the wholesaler, the deals they bring you can vary...They can bring you good/great deals.

There could be 100 answers to this question depending on your situation. 

Depending on what resort you are in.

Hey @Anthony ZottoRate is going to heavily depend on leverage and credit score.

Thus, need to multiply $120k by the expense ratio (generally understood to be 50%, although it can vary depending on property) before using it in the cap rate formula.Using your example …1% rule: Gross annual revenue would be $10k * 12 months = $120k … as you said.Missing step: Net rents are $120k * 50% = $60kCap rate: $60k/$1M = 6%So, a 6% cap rate is the same as the 1% rule.This is roughly speaking of course.

On the vacation home front with conventional financing, Fannie and Freddie made some changes that hurt the pocket book: Second home loan upfront fees increased between 1.125% and 3.875% depending on the loan-to-value (LTV) starting in April 2022.