Remember when you are doing your computations that it is not just about the purchase price and rents... cash flow is dependent on many factors including taxes.Cash flow is King and Appreciation is Queen, you need both to build a lasting kingdom.

Finally made the jump and just bought our first vacation rental.My longtime girlfriend and I emptied out the account and put 60k down on an amazing 300k vacation rental near Bass Lake and Yosemite National Park.By conservative estimates, it should cash flow over $1,000 a month after ALL expenses.As I am still learning on the fly here, I am most interested in the next steps in acquiring the next property (and the next, and the next).The house should appreciate some throughout the year, and it is nearly turnkey as it was wonderfully taken care of by a family for 40 years, so we won't be adding too much value with remodeling.My main question to the BP community is "What's the best options to finance our next purchase of a rental property?".

Could anyone layout the key factors in studying a market?

If you are mainly in an office or meeting with clients I would go with Mac bc it is more prestigious and automatically gives you credibility.

@Sunil KapoorI am not sure who your lender is, but those charges, mainly the origination fee, seem to be quite high for a 190k property.

I currently work Full Time at Life Time in Chanhassen, so I'm planning to start out part-time (mainly so my partner and I can use the MLS and can earn more when selling our flips).

One of my main goals is to be able to do the things I want with the freedom I have created.

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Now I am looking at two amazing deals for my family as a starter here in Maine!

I'm sure there isn't an exact formula and it depends on the area and other factors, but if there are rough rules that people follow it would be helpful for me to hear them.Lastly, the cash flow on this property isn't going to be much (after setting aside 5/5/5 for vacancy, repair, and cap expenditures) until I am able to bring the rents up to market rate, so I will be managing this property myself.